India's Strategic Push in Electronics Manufacturing

In a landmark decision, the Union Cabinet has greenlit a Production-Linked Incentive (PLI) scheme worth Rs 22,919 crore, aiming to catapult India into the global electronics manufacturing arena. This initiative focuses on critical segments like sub-assemblies and foundational electronic components, areas where India has historically relied on imports.

By Nikit Popli and Neetu Singh

Building a Self-Reliant Electronics Ecosystem

This scheme is a cornerstone of the Atmanirbhar Bharat vision, designed to reduce dependency on imports and strengthen domestic supply chains. It introduces structured incentives, emphasizing not just turnover but also design and quality benchmarks, aiming to foster indigenous innovation.

Global Partnerships and Local Growth

Encouraging joint ventures with foreign entities, the scheme seeks to infuse advanced technology into India's manufacturing sector. This approach is expected to enhance domestic capabilities and workforce skills, positioning India as a full-spectrum electronics manufacturing destination.

A Future of Opportunities

With an anticipated investment inflow of over Rs 59,000 crore and the creation of approximately 91,600 direct jobs, this initiative marks a significant step towards establishing India as a key player in the global electronics supply chain.