$500-billion mission electronics manufacturing ecosystem

 

  •  $500-billion mission electronics manufacturing ecosystem


  • In a major step towards strengthening domestic electronics manufacturing, the Union Cabinet on March 28 cleared a ₹22,919-crore Production-Linked Incentive (PLI) scheme for component manufacturing.
  • The initiative is expected to generate ₹4.56 lakh crore in production and attract ₹59,350 crore in investments, while creating 91,600 direct jobs and many more indirect employment opportunities.
  • Industry leaders have welcomed the move, calling it a transformational push for India’s electronics sector. The scheme includes employment-linked incentives, capital support, and incremental turnover-linked incentives, with a strong focus on deepening value addition and integrating with global supply chains.
  • ICEA: ‘A new era for electronics manufacturing’

    Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), hailed the scheme as a milestone for India's journey towards a $500-billion electronics manufacturing and export hub.

    "As we embark on the road to build a $500-billion mission, it is critical to build a sustainable and competitive electronics manufacturing ecosystem," he said, adding, “We are deeply grateful to the Ministry of Electronics & IT (MeitY) for its leadership in creating an exceptional scheme that will create jobs, expand MSME participation, and increase value addition in the electronics sector. This announcement ushers in a new era and represents the PM’s vision to transform India."


    Mohindroo highlighted that India's domestic electronics production has surged 400% in the last decade to an estimated $135-140 billion. He added that the PLI scheme would catalyse deeper integration with global value chains (GVCs), boost large-scale manufacturing, and create significant employment.

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