To attract global electronics firms for more investment, MeitY is planning campaigns with groups like ICEA, eyeing to promote its recent components manufacturing incentive scheme.
India’s Ministry of Electronics and Information Technology (MeitY), in collaboration with industry groups like the Indian Cellular and Electronics Association (ICEA), is preparing global roadshows to attract foreign electronics manufacturers.
According to a Business Standard report, the campaign will promote the recently launched ₹229.19 billion production-linked incentive (PLI) scheme for electronic components. Target countries include the United States, Japan, Taiwan, and South Korea — regions home to major electronics firms.
Furthermore, senior government officials and industry leaders will participate in these outreach efforts. The scheme closes in three months and aims to draw $6.94 billion in investments and generate $53.3 billion in revenues over six years.
The initiative seeks to strengthen local manufacturing, reduce imports, and position India as a global electronics export hub. Discussions are underway to engage top electronics firms such as Japan’s Murata, TDK, and NIDEC; Taiwan’s Compal and Unimicron; South Korea’s Simmtech; and US-based Molex, Amphenol, and Texas Instruments.
Alongside central incentives, ICEA has urged states to offer extra support for capital investment or production. Tamil Nadu has already announced matching incentives for qualifying projects. Other states like Karnataka, Andhra Pradesh, Uttar Pradesh, and Gujarat are being approached.
The PLI scheme covers components including lithium-ion cells, PCBs, enclosures, and subassemblies like display and camera modules. Incentives are tied to investment or turnover.
Industry groups expect around ₹200 billion in fresh investments. Notable commitments include Amber Enterprises’ ₹15–20 billion PCB plant, Dixon Technologies’ ₹8 billion display and camera module unit, and Munoth’s ₹1.75 billion battery cell facility.
In numerous occasions, Ashwini Vaishnaw, the Union Minister of Electronics and IT has spoken about India’s goal to boost electronics production to $500 billion by 2030, with $200 billion in exports. To meet this target, output must rise nearly fourfold from FY24 levels. Currently, India accounts for just over 2 per cent of global electronics output, far behind China’s 60 per cent.
