The Ministry of Electronics and IT is gearing up to present a new production-linked incentive (PLI) scheme to the Cabinet, focusing on boosting the domestic production of electronics components. This move is part of the government’s broader strategy to strengthen the manufacturing supply chain and reduce reliance on imports, particularly from China and other major suppliers.
Sources indicate that the IT ministry is finalizing a Cabinet note outlining the proposed scheme. The initiative aims to deepen India’s integration into the global electronics ecosystem and support local manufacturers in scaling up component production. “We are working actively to move this forward,” said a senior official, highlighting the potential for significant benefits in terms of industry growth and self-reliance.
The scheme is expected to offer financial incentives worth thousands of crores, tied to parameters such as production output and job creation. Additionally, the government plans to extend the existing import authorization policy for laptops by three months beyond its current expiration at the end of the year, ensuring a smoother transition for stakeholders.
Once implemented, this PLI scheme is anticipated to drive substantial investments, foster innovation, and create numerous employment opportunities in the electronics sector, positioning India as a competitive player in the global market.
