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Govt expects around Rs 18,000 crore investment in the electronics manufacturing segment by 2021-22
The finance ministry has allocated Rs 2,631.32 crore for various schemes to boost electronic manufacturing in the country.
Feb 02, 2021 16:34:07 IST
The government has set a target to get around Rs 18,000 crore investment in the electronics manufacturing segment by 2021-22. The finance ministry has allocated Rs 2,631.32 crore for various schemes to boost electronic manufacturing in the country, including Production Linked Incentive (PLI) scheme, Modified Special Incentive Package Scheme (MSIPS), Electronics Manufacturing Cluster (EMC) scheme and electronic development fund.
The government has set a target of getting incremental investment by mobile companies and electronics manufacturing units approved under the PLI scheme of Rs 1,000 crore and expects one lakh people to be employed by the approved companies till FY 2021-22.
Demand for electronic products in India to grow at CAGR of 41 per cent to reach USD 400 billion by 2020
Demand for electronic products in India to grow at CAGR of 41 per cent to reach USD 400 billion by 2020
India Is Home To A Growing Middle Class Population. With Increasing Disposable Income, Consumer Demand For Electronic Products - Specially Advanced TVs, Mobile Phones And Computers- Has Grown Significantly. PTI | Updated on: 12 Jun 2017, 03:04:33 PM
New Delhi:
High demand for electronics could outpace domestic production, leading to an import requirement of about USD 300 billion by 2020, a report by Assocham-NEC said on Monday.
The report pointed out that while demand for electronic products in India is expected to grow at a CAGR (compound annual growth rate) of 41 per cent to reach USD 400 billion by 2020, domestic production is growing at a CAGR of 27 per cent. This leaves a huge gap for import to the extent of USD 300 billion, the joint
India moves closer to a PLI scheme for manufacturing laptops locally
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Synopsis
The Rs 7,300-crore PLI scheme is aimed at making India a global manufacturing hub for laptops, tablets and serves, with 20%-30% of the production happening locally.
Agencies
The government has reached out to HP, Dell and Lenovo to get their feedback on the PLI scheme for manufacturing laptops in India.
The government is close to moving a cabinet note to get approval for a budget of Rs 7,300 crore for a production-linked incentive (PLI) scheme aimed at boosting the manufacture of laptops, tablets and servers in India.
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