Investment of Rs 20,580 crore to Support Made-in-India Electronics Through PLI Program

Indias initiative to enhance its electronics manufacturing sector has resulted in substantial financial incentives amounting to Rs 19,090.98 crore (approximately $2.3 billion). This investment is aimed at increasing the production capacity of mobile devices within the country. Notably, there has been a dramatic rise in smartphone exports, which are projected to grow from $5.5 billion in the fiscal year 2021-22 to nearly $30 billion by 2025-26.

The Production-Linked Incentive (PLI) scheme, launched in 2020, has included 32 companies that are focused on strengthening manufacturing capabilities across 14 key sectors. To support this initiative, the Indian government has allocated a substantial budget of Rs 1.91 lakh crore (around $23 billion), further underscoring its commitment to making India a global hub for electronics manufacturing.

This drive not only aims to boost export figures but also seeks to create job opportunities and enhance technological advancements within the country. The PLI scheme has attracted significant interest from both domestic and international firms, signifying a shift towards local production and self-reliance in electronics.