Govt clears ₹765 cr PLI incentives for the electronics sector
By MYBRANDBOOK
The government has approved another batch of production-linked incentive (PLI) scheme worth Rs 765 crore for electronics manufacturing, with a big chunk directed to Wistron. Wistron is Apple's contract manufacturer in India and will receive Rs 601.93 crore of the total Rs 765 crore.
Dixon Technologies' unit Padget will receive Rs 149.63 crore, while AT&S, Shogini, and Alcon Electronics will receive incentives worth Rs 7.58 crore, Rs 3 crore, and Rs 2.40 crore, respectively.
IT and Electronics Minister Rajeev Chandrasekhar had on March 3 said that the production-linked incentive (PLI) scheme should be considered as a transition period for India and not as a permanent solution.
As per the Economic Survey 2023, the scheme under the Make-in-India programme is expected to attract a capex of approximately Rs 3 lakh crore over the next five years.
“It has the potential to generate employment for over 60 lakh in India and increase the share of the manufacturing sector in total capital formation, which currently stands at around 17-20 percent between FY12 and FY20," it said.
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