Govt Likely To Approve Projects Under PLI Scheme By September: Report

The Centre will likely approve projects under the INR 22,919 Cr production-linked incentive (PLI) scheme for electronics components manufacturing by August-September.

An ET report, citing sources close to the matter, said that the scheme received more than 100 applications for manufacturing various electronics components, including display modules, camera units and battery packs.

The applications came from existing as well as new entrants in the electronics manufacturing space.

The government is likely to hire a project management agency within a month to look after the applications, the source added.

The union cabinet approved this scheme on March 28, to focus on non semiconductor electronics components.

The scheme aims to attract an investment of INR 59,350 Cr, resulting in production of INR 4,56,500 Cr, and generating additional direct employment of 91,600 persons and many indirect jobs as well.

The tenure of the scheme is six years with one year of gestation period. Payout of a part of the incentive is also linked with employment targets achievement.

(The story will be updated soon.)

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