NITI Aayog approves 32 beneficiaries under PLI scheme for large-scale electronics manufacturing

Tags: National National News

The Empowered Committee headed by CEO, NITI Aayog Parameswaran Iyer on 9 September approved the first ever disbursement of incentive for mobile manufacturing under the large-scale electronics manufacturing’ sector.

IMPORTANT FACTS -

• This is the first time that a mobile manufacturing unit has also been selected under the PLI scheme.

• 32 beneficiaries have been approved under the PLI scheme operated for large size electronics manufacturing units.

• Of these, 10 companies are related to mobile manufacturing in which five are domestic and five are foreign companies.

• Paget Electronics Pvt Ltd, a domestic company, is the first beneficiary company approved by the Empowered Committee to receive the incentive.

ADDITIONAL INFORMATION -

About PLI scheme :

• It is an initiative that provides incentives to domestic industries to promote production at the local level.

• Through this scheme, the government aims to incentivize companies to increase the sales of manufactured products in domestic units.

• The objective of the scheme is to make domestic manufacturing globally competitive and to become a global champion in manufacturing.

• The government has launched this scheme with an outlay of around Rs 2 lakh crore for 14 sectors including Automobiles and Auto Components, White Goods, Pharma, Textiles, Advanced Chemistry Cell and Specialty Steel.

Vice Chairman of NITI Aayog - Suman Bery

NITI Aayog CEO - Parameswaran Iyer