Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

MeitY Announces $350 Billion PLI Plan To Boost Electronics Sub-Assemblies

- Advertisement -

MeitY announces allocation of $350 billion for a new PLI scheme, aiming to make India a global hub for electronics components and boost exports by 25-28%.

The Ministry of Electronics and Information Technology (MeitY) is set to allocate over $350 billion to a proposed production-linked incentive (PLI) scheme for electronic components, aiming to make India a global hub for sub-assemblies. Identified sub-assemblies include camera modules, display assemblies, mechanical parts, battery packs, chargers, and vibrators. This initiative is not only expected to enhance value addition in products like mobile phones by 25-28% and boost electronics exports, but also to significantly contribute to the Indian economy by creating jobs and fostering technological innovation.

The required investments for sub-assemblies, which range from $5 billion to over $10 billion, depending on the production scale, signify the substantial financial commitment needed to establish India as a global hub for electronic components. Core components like camera module lenses demand more significant investments due to established global capacities.

- Advertisement -

The government’s strategic move to position India as a global sub-assembly export hub is further bolstered by its efforts in the semiconductor sector. Tata Electronics’ partner, Powerchip semiconductor manufacturing company (PSMC), is set to provide technology for manufacturing 28 nm wafers, and work is underway to develop technology for lower nodes. The recruitment of over 115 engineers to build an Indigenous tech team and the successful roadshows conducted to attract talent from Taiwan and the US instil confidence in the initiative’s execution.

MeitY is also deliberating on AI regulation, considering incorporating it into the Digital India Bill or enacting a specific AI law. Due to its complexity, the industry favours a separate Act for AI regulation.

- Advertisement -

Most Popular Articles

Industry's Buzz

Ministries Unite To Drive India’s EV Revolution

0
Looking at India's EV future, the Union Minister for Heavy Industries holds a meeting discussing strategic deployment of charging system and one unified app...

HorngCom, RRP Ink $12M Semiconductor Deal For Mumbai Plant

0
Powering up India’s chip game, a $12 million tie-up between HorngCom and RRP Electronics promises faster production, advanced ICs, and a leap in self-reliance. HorngCom...

Kaynes Semicon Launches First Overseas Chip Design Centre In Oman

0
A global tech leap, student upskilling, and international ambition—Kaynes Semicon plants its first overseas chip design centre in Oman, fuelling digital dreams worldwide. Kaynes Semicon,...

TCS Secures ₹29.03B Add-On Order From BSNL For 4G Expansion

0
For another 4G push, TCS teams up with BSNL, securing an APO of ₹29.03 billion for 18,685 sites across India. Tata Consultancy Services (TCS) has...

Honda Refocuses Strategy, Cuts EV Spend To Boost Hybrids

0
Betting big on hybrids, Honda reduces EV investment and recalibrates its map to 2030. The move adapts to shifting global demand and regulatory landscapes,...

Learn From Leaders

Vinay Shetty, Regional Director for Component Business for India & South Asia, ASUS

“Motherboards Remain Our Largest-Selling Product Segment In India” – Vinay Shetty, ASUS

0
Gearing up for a bigger India play with its motherboards, ASUS is eyeing local manufacturing, ramping up AI servers and IoT products. From expansion...
Deepak Khatri, Founder, Upside Down Labs

“We Are The First And Only Company In India To Provide Affordable, Open-Source Diy...

0
From early struggles to global success, a startup went from failed prototypes to selling thousands of neuroscience kits worldwide. Sharing his journey of designing...
Anush G Nair, Senior Technology Manager, Tata Elxsi

“This EV Motor Works Without Rare Earth Metals” – Arun G Nair, Tata Elxsi

0
Tata Elxsi, in a conversation with the Electronics For You team, revealed they are working on an electric vehicle motor which, instead of rare-earth...
Amiya Samantaray, Co-founder and CEO, DATOMS

“We Aim To Accelerate EV Adoption By Supporting OEMs And Leasing Companies”- Amiya Samantaray,...

0
What if real-time insights help manufacturers connect with customers and products? DATOMS, a deeptech IoT startup, precisely delivers that. Sharing vehicle integration and EV...
Kedar Reddy, CEO, Sagar Semiconductors

“We Are A Fabless Company Focusing On Power MOSFETs And IGBTs” – Kedar Reddy,...

0
Founded in 2023, with barely a year into business, Sagar Semiconductors says its ready to challenge the behemoths in the power semiconductor business in...

Startups

Quantum Technology

Eight Quantum Startups Get ₹300 Million Push

0
Accelerating homegrown innovation in quantum computing, AI, and advanced defence tech, Eight Indian startups bag up to ₹300 million under the National Quantum Mission. Recently,...

Indian Defence Startups See Surge In Demand Amid Conflict

0
As border tensions drive demand for homegrown drones, countermeasures, and tech, India’s defence startups are booming, sparking a wave of innovation and rapid scaling. The...

Space Tech Startup InspeCity Secures $5.6M Funding For Expansion

0
With $5.6 million seed funding, Indian startup InspeCity rockets ahead to extend satellite lifespans, clean up space junk, and disrupt the $14 billion global...

Government Drives IP Commercialisation At Bengaluru Workshop

0
Observing World IP Day, the Ministry of Science and Technology organised a dynamic workshop in Bengaluru, uniting experts to advance tech commercialisation and scale...
Inspection machine

AI-Based Quality Inspection Systems by Kerala Startup Verifygn

0
A Kerala startup deploys AI-driven hardware-software solutions to automate quality inspection in manufacturing. VerifygnTech Private Limited, a Kerala-based deep tech startup founded in 2019, specialises...