Electronics and Semiconductor Manufacturing Industry

The one PLI we've been waiting for. Apparently, the finance ministry approved it. Hopefully the cabinet babooze also approve it soon.(end of month as per article)


"The proposal is likely to get cabinet approval later this month ahead of its rollout from April, said government officials aware of the matter. As part of the scheme, electronics components worth $50-60 billion are estimated to be produced over the scheme's five-to-six year tenure, they said.

Products that have a higher disability or manufacturing constraints vis-à-vis China and Vietnam will get more incentives.

One of the officials said the amount can be revised upwards if the entire outlay is claimed. Also, unlike the smartphone PLI scheme where 4-6% incentives are given to companies on reaching a production threshold, incentives on the component scheme will vary as per the products, depending on disability and localisation, a second official said."
 

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