38.6c New Delhi, India, Wednesday, April 24, 2024

Government launches Incentive Schemes to Boost Large-Scale Manufacturing of Electronics in the Country

By Priyam Jain      05 June, 2020 02:31 PM      0 Comments
Government Manufacturing Electronics in the CountryGovernment Manufacturing Electronics in the Country

Ravi Shankar Prasad the Telecom and IT Minister has stated that on Tuesday (June 2nd, 2020) they have launched three incentive schemes with a total outlay of Rs 48,000 crores to boost large-scale manufacturing of electronics in the country. The schemes include the Production Linked Incentive of about Rs 41,000 crore; The Component Manufacturing Clusters of about Rs 3,300 crores and Modified Electronics Manufacturing Clusters of about Rs 3,800 crores and were approved by the Union Cabinet in March this year, but the applications for the same have been invited from this month. 

Under the first scheme known as the Production Linked Incentive, which is targeted at mobile phone manufacturing and specified electronic components, the government has initially planned to incentivise about 10 firms, including 5 global and 5 locals. Commenting on it, Mr. Prasad stated, “Globally 5-6 companies control 80% of the mobile market. We initially plan to pick up five global champions who will be permitted to participate under PLI. We also want to make national champions, so we will incentivise five Indian companies as well.”

It was further clarified that the firms would be selected as per the guidelines issued and that “There are norms in the guidelines, such as the company’s turnover, the quality and rate of their mobiles, etc. there is a proper transparent system in place and the selection norms will be followed.” Acknowledging the fact that India has been able to achieve modest success in electronics manufacturing, it was started that India had emerged as the second largest mobile manufactures of the world. 

He further elucidated, “In 2014-15, the value of mobiles produced was Rs 18,992 crore with six crore units. This increased to Rs 1.7 lakh crore in value and 30 crores in terms of units in 2018-19." With the launch of the three new schemes, the government aims to manufacture electronics worth Rs 8 lakh crore, while generating employment for about 10 lakh people in the next five years, as per a presentation made by the IT Secretary Ajay Sawhney. 

Concluding his above statements Mr. Prasad added, “This is a step towards self-reliant India. A self-reliant India is not an India of isolation. It is not an inward looking India. It is one which enhances its capacity and develops an ecosystem as an asset to the global economy. Make in India is only for India. A self-reliant, resurgent and robust India. It is not against my country.” 

Share this article:

Leave a feedback about this

Trending Judiciary
Denying child care leave to working mothers of disabled children violated constitutional mandate: SC

Supreme Court of India rules denying child care leave for mothers of disabled kids violates constitutional rights.

23 April, 2024 11:15 AM
Trending Environment
Ignorance is not bliss: Okhla Waste to Energy Plant needs to be relocated, residents argue

Questions on the suitability of waste-to-energy plants in Delhi are not new, but the 2,000 tonnes per day Waste to Energy (WTE) plant, situated in the middle of the dense residential areas around Sukhdev Vihar, is not just a major environmental worry but an example of how siting rules can be bent to accommodate a heavily polluting enterprise.

23 April, 2024 12:29 PM


Trending Judiciary
PIL filed by Ashwini Kumar Upadhyay in SC for 3-yr Bachelor of Law degree after Class XII

PIL by Ashwini Kumar in SC seeks to shorten law degree to 3 years post-Class XII, citing current 5-year span as irrational.

18 April, 2024 11:21 AM
Trending Executive
Centre sets up high-powered committee to suggest measures to end discrimination against queer community [Read Order]

Centre forms committee to end discrimination against the queer community, chaired by the Cabinet Secretary, following a Supreme Court directive.

18 April, 2024 12:11 PM
Trending Judiciary
After Karnataka HC, Delhi HC sets aside Government circular banning 23 'ferocious' dog breeds [Read Judgement]

After Karnataka High Court, the Delhi High Court has set aside a Government circular banning 23 'ferocious' dog breeds.

18 April, 2024 01:06 PM
Trending Judiciary
For wrong decision of suicide by person of 'frail mentality', who is to be blamed? Delhi HC gives view [Read Judgment]

If a man of 'frail mentality' takes the wrong decision to commit suicide, who is to be blamed? Delhi High Court gives a prima facie opinion in the matter.

18 April, 2024 03:23 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email