Rs 5.14 Lakh Cr Mobile Phone Production Under PLI Scheme
By Rediff Money Desk, New Delhi Jul 26, 2024 20:15
India's PLI scheme for electronics manufacturing has seen Rs 5.14 lakh crore worth of mobile phone production, including components, till June 2024. Apple vendors like Foxconn, Wistron, Samsung, and Pegatron have benefited from the scheme.
New Delhi, Jul 26 (PTI) Production of mobile phones, including electronic components and semiconductor packaging, under the Production Linked Incentive Scheme (PLI) for large-scale electronics manufacturing reached Rs 5.14 lakh crore till June 2024, Parliament was informed on Friday.
Minister of State for Electronics and IT Jitin Prasada, in a written reply to the Rajya Sabha, said that to boost domestic manufacturing and attract investment in mobile phones value chain, including electronic components and semiconductor packaging, Production Linked Incentive Scheme (PLI) for large-scale electronics manufacturing was notified on April 1, 2020.
"Till June 30, 2024, incremental investment of Rs 8,390 crores had been made under the PLI scheme. This has led to production of Rs 5,14,960 crores till June 30, 2024," Prasada said.
Apple vendors Foxconn, Wistron, Samsung, Pegatron etc qualified for incentives under the scheme.
Prasad said the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) for electronic components, e-waste recycling, mechanics, micro and nano-electronic components, solar photovoltaic (SPV) polysilicon etc was notified on April 1, 2020.
"As of June 30, 2024, incremental investment of Rs 8,803.14 crores had been made under the SPECS scheme. This has led to production of Rs 18,083.55 crores till 30th June 2024," Prasada said.
Minister of State for Electronics and IT Jitin Prasada, in a written reply to the Rajya Sabha, said that to boost domestic manufacturing and attract investment in mobile phones value chain, including electronic components and semiconductor packaging, Production Linked Incentive Scheme (PLI) for large-scale electronics manufacturing was notified on April 1, 2020.
"Till June 30, 2024, incremental investment of Rs 8,390 crores had been made under the PLI scheme. This has led to production of Rs 5,14,960 crores till June 30, 2024," Prasada said.
Apple vendors Foxconn, Wistron, Samsung, Pegatron etc qualified for incentives under the scheme.
Prasad said the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) for electronic components, e-waste recycling, mechanics, micro and nano-electronic components, solar photovoltaic (SPV) polysilicon etc was notified on April 1, 2020.
"As of June 30, 2024, incremental investment of Rs 8,803.14 crores had been made under the SPECS scheme. This has led to production of Rs 18,083.55 crores till 30th June 2024," Prasada said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 15.63 ( -4.17)
- 51716103
- Srestha Finvest
- 1.94 ( -1.02)
- 39556969
- Inventure Growth & S
- 2.47 ( -19.81)
- 31916723
- Genpharmasec Ltd
- 3.51 ( -4.88)
- 21009955
- GTL Infrastructure
- 2.68 ( -0.37)
- 16825789
MORE NEWS
Google to Explore Pixel 8 Manufacturing, AI...
Google signs MoU with Tamil Nadu government to explore Pixel 8 manufacturing, AI skill...
Assam Govt Focuses on Tea Quality, Urges...
Assam Chief Secretary calls for prioritizing quality over quantity in tea production,...
Mumbai Property Registrations to Rise 7% in August
Property registrations in Mumbai's municipal region are expected to increase by 7% in...