Insta
Centre Extends PLI Scheme For Large-Scale Electronics Manufacturing Till FY26
Smartphone assembly in India - Representative Image (@AmitHPanchal/Twitter)
Giving a major push to the domestic electronics industry, the Centre has decided to extend the tenure of the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing by one year till FY 2025-26.
The participating companies will get the option of choosing any five years for meeting their production targets under the scheme. Further, investments made in 2020-21 will continue to be covered.
The PLI scheme for large scale electronics manufacturing notified on 1 April 2020, extends an incentive of 4-6 per cent on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (FY2019-20).
The extension would be supportive to manufacturers as companies have been unable to achieve incremental sales conditions due to disruption in production activities due to pandemic-related lockdowns, restrictions on the movement of personnel, delay in installation of relocated plant and machinery and disruption in the supply chain of components.
The first round of the PLI scheme attracted global tech and electronics majors including Apple's contract manufacturers Foxconn, Wistron and Pegatron, along with Samsung and local players like Lava, Dixon and others.
In March this year, the Ministry of Electronics and Information Technology (MEITY) had invited applications for the second round of PLI scheme.
With IANS Inputs
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
