Monday, July 22, 2024
    HomeNationalElectronics industry receives Rs 6,000 crore investments through PLI incentives

    Electronics industry receives Rs 6,000 crore investments through PLI incentives

    Related stories

    Teachers and Student Unions Oppose Changes to Anganwadi Centres

    Hyderabad: Members of the Telangana State United Teachers’ Federation...

    India and Bangladesh Opposition Clash Over ‘Reservations’

    Opposition Leaders Use Constitution as Symbol in Elections In Hyderabad,...

    KTR Suspects Foul Play in Escalating Costs of Musi Makeover

    Hyderabad: KT Rama Rao, the working president of BRS,...

    The government announced that the production-linked scheme (PLI) for large scale electronics manufacturing, including mobiles, has received investments worth Rs 6,887 crore. This has already exceeded the target for FY24, which was Rs 5,488 crore.

    The PLI scheme offers incentives of 3-6% on incremental sales of goods manufactured in India in target segments like mobile phones and electronic components. It has been in effect since April 2020 for a period of five years.

    - Advertisement -

    During the scheme tenure, it is expected to generate investments of Rs 7,000 crore, production worth Rs 8,12,550 crore, exports worth Rs 4,87,530 crore, and create 2,00,000 direct jobs. These figures were shared by Minister of State for Electronics and IT, Rajeev Chandrasekhar, in the Rajya Sabha.

    Also read:  Godavari Flood Levels Reach 32.8 Feet at Bhadrachalam

    As of June this year, the PLI scheme has already generated production worth Rs 3,30,612 crore, exports worth Rs 1,56,051 crore, and 62,173 direct jobs. The government aims to strengthen the electronic manufacturing ecosystem in India and increase its participation in global value chains.

    - Advertisement -

    So far, 32 applicants have been approved under the PLI scheme. Additionally, the Ministry of IT has issued a notification mandating compliance with Indian standards for the manufacture, import, sale, and distribution of 64 electronic goods or articles in order to improve their quality.

    - Advertisement -

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here