Govt expects around Rs 18,000 crore investment in the electr

Govt expects around Rs 18,000 crore investment in the electronics manufacturing segment by 2021-22- Technology News, Firstpost


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.

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