- The tenure of the second round of PLI scheme is for four years and the incentive shall be applicable from April 1, 2021
- The application window for the scheme has been opened till 31st March which may be further extended, as per guidelines issued by the Ministry of Electronics and IT (Meity)
The government has started inviting applications for the second round of large-scale electronics manufacturing under the production-linked incentive (PLI) scheme with focus on some electronic components like motherboards, semiconductor devices, among others. The application window for the scheme has been opened till 31st March which may be further extended, as per guidelines issued by the Ministry of Electronics and IT (Meity).
The new guidelines have identified components, discrete semiconductor devices including transistors, diodes etc, passive components including resistors, capacitors, printed circuit board, assembly, ATMP (assembly, testing, marketing and packaging) units etc as target segment for the second round of PLI.
Tenure of the second round of PLI scheme is for four years
An official memorandum dated March 11 said that the second round of the PLI scheme is open for accepting applications. The tenure of the second round of PLI scheme is for four years and the incentive shall be applicable from April 1, 2021.
The first round of the scheme was open for receiving applications till July 31 which attracted participation from global majors. These included Apple”s contract manufacturers Foxconn, Wistron and Pegatron; Samsung; local players Lava, Optiemus, Dixon etc committing investment of over Rs 11,000 crore. The second round has expanded the window for up to 30 eligible companies.
While companies whose projects were approved in the first round of PLI cannot participate in the second round but their group companies having minority or non-controlling interest in the applicant companies will be allowed to apply for incentives, as per the new guidelines.
