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Cabinet New Schemes to ‘Make in India’ Electronics Manufacturing – 3 Key Points

Giving a massive push to foster indigenous electronics manufacturing, lately, the Union Cabinet has approved three new schemes. The three schemes are said to considerably boost large-scale electronics manufacturing in India. The new announcement from the Union Cabinet also includes a production-linked incentive scheme, with a total outlay of almost Rs. 48,000 crore.

Led by PM Modi, the cabinet has approved the Production Incentive Scheme (PLI) for Large Scale Electronics Manufacturing. It has nudged financial assistance to the Modified Electronics Manufacturing Clusters (EMC2.0), and financial incentive of 25 per cent of capital expenditure for the manufacturing of goods.

The electronic components manufacturing will cement a new ecosystem for the complete electronics industry as it plays like the heart of electronics manufacturing. Till today, India heavily relies on China for semiconductors and other electronic components.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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