• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

PLI Booster: Cabinet Approves Rs 22,919 Cr Electronics Component Manufacturing Scheme

OMMCOM NEWS by OMMCOM NEWS
March 28, 2025
in Business
PLI Booster

New Delhi: To make India ‘Atmanirbhar’ in the electronics supply chain, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the electronics component manufacturing scheme with a funding of Rs 22,919 crore.

The scheme envisages to attract investment of Rs 59,350 crore, result in production of Rs 4,56,500 crore and generate additional direct employment of 91,600 people and many indirect jobs as well during its tenure.

This scheme aims to develop a robust component ecosystem by attracting large investments in electronics component manufacturing ecosystem, increasing domestic value addition (DVA) by developing capacity and capabilities, and integrating Indian companies with global value chains (GVCs).

The tenure of the scheme is six years with one year of gestation period and the payout of a part of the incentive is linked with employment targets achievement, according to the Cabinet.

The scheme provides differentiated incentives to Indian manufacturers tailored to overcome specific disabilities for various categories of components and sub-assemblies so that they can acquire technological capabilities and achieve economies of scale.

The domestic production of electronic goods has increased from Rs 1.90 lakh crore in FY 2014-15 to Rs 9.52 lakh crore in FY 2023-24 at a CAGR of more than 17 per cent.

The exports of electronic goods have also increased from Rs 0.38 lakh crore in FY 2014-15 to Rs 2.41 lakh crore in FY 2023-24 at a CAGR of more than 20 per cent.

The India Electronics and Semiconductor Association (IESA) on Friday welcomed the government’s approval of the production-linked incentive (PLI) scheme for electronic components and subassemblies manufacturing, a long-standing industry demand.

As per IESA report, India’s electronics market of domestic manufacturing and exports expected to grow to $400 billion by the year 2030.

“The Component PLI will accelerate the ‘Make in India’ initiative, driving higher value addition and strengthening the domestic supply chain with import reductions. Alongside the semiconductor manufacturing ramp-up and the existing PLI for electronics manufacturing, these initiatives will enhance India’s global competitiveness,” said Ashok Chandak, President, IESA.

(IANS)

Tags: Electronics ComponentIndiaPLI Booster
ShareTweetSendSharePinShareSend
Previous Post

HM Shah Approves Rs 1,604 Cr For Improving Fire Services In Bihar, 4 States

Next Post

Number Of AIIMS Rose To 22 Under Modi Govt But There Is No Room For Laxity On Health Services: Nadda Tells House

Related Posts

Finance Minister Nirmala Sitharaman
Business

India’s Exports Outpaced Global Growth To Touch Record High In FY25: Sitharaman

June 24, 2025
Indian stock markets
Business

Sensex, Nifty End Higher Despite Iran-Israel Truce Tensions

June 24, 2025
House
Business

Home Purchases Turn More Affordable After RBI Rate Cuts: Report

June 24, 2025
Business

Sensex Surges Over 1,000 Points As Investors Cheer Easing Of Tensions In Middle East

June 24, 2025
GDP
Business

India Projected To See GDP Growth Of 6.5 Pc In FY26: S&P Global Ratings

June 24, 2025
Indian stock markets
Business

Indian Stock Market Opens Higher As Geopolitical Tensions Ease

June 24, 2025
Next Post
Health Minister JP Nadda

Number Of AIIMS Rose To 22 Under Modi Govt But There Is No Room For Laxity On Health Services: Nadda Tells House

Odisha Reports 9,387 Secondary & 254 Elementary School Dropouts In 2024-25

Centre

Centre Okays 2 Per Cent Raise In DA For Union Govt Staff

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.