- The government is also engaging in broad-base outsourcing of electronic parts and raw materials
- Incentives of 4 to 6 per cent will also be provided to eligible companies
- PLI scheme for IT hardware has a provision for an incentive of 1 to 4 per cent on net incremental sales
The government announced that the production linked incentive (PLI) scheme for large scale electronics manufacturing and IT hardware, along with the scheme to promote component manufacturing will reduce the country’s dependence on Chinese electronic products.
Along with these schemes, the government is also engaging in broad-base outsourcing of electronic parts and raw materials along with “making available the indigenous counterparts of the Chinese electronic products” by promoting domestic manufacturing, informed Minister of State for Electronics and IT Sanjay Dhotre.
Under PLI scheme for large-scale electronics manufacturing, incentives of 4 to 6 per cent will also be provided to eligible companies on incremental sales which are involved in mobile phone manufacturing and other electronic components manufacturing like ATMP units.
Dhotre also informed that the PLI scheme for IT hardware has a provision for an incentive of 1 to 4 per cent on net incremental sales (over base year) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four years.
“The National Policy on Electronics 2019 (NPE 2019) has been notified on February 25, 2019. The vision of NPE 2019 is to position India as a global hub for electronics system design and manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally,” Dhotre said.
