Cumulative investment of US$ 1 billion (Rs. 8,282 crore) by 32 companies under the PLI Scheme for Large Scale Electronics Manufacturing
- IBEF
- July 25, 2024
The Ministry of Electronics & Information Technology (MeitY) has implemented several Production Linked Incentive (PLI) Schemes as part of the National Policy on Electronics (NPE), 2019. The PLI Scheme for Large Scale Electronics Manufacturing, initiated on April 1, 2020, has approved 32 companies with a committed investment of US$ 1.53 billion (Rs. 11,324 crore) and a projected production target of US$ 144.24 billion (Rs. 10,70,000 crore). Similarly, the PLI Scheme for IT Hardware, launched on March 3, 2021, has seen 14 companies approved with an investment of US$ 0.34 billion (Rs. 2,517 crore) and a production target of US$ 21.74 billion (Rs. 1,60,751 crore). Additionally, PLI Scheme 2.0 for IT Hardware, notified on May 29, 2023, has approved 27 companies with a committed investment of US$ 0.36 billion (Rs. 2,955 crore) and a production target of US$ 42.57 billion (Rs. 3,51,647 crore), with 13 companies migrating from the earlier scheme.
As of June 30, 2024, the cumulative investment under the PLI Scheme for Large Scale Electronics Manufacturing reached US$ 1 billion (Rs 8,282 crore), with 7 Greenfield and 25 Brownfield companies participating. Greenfield companies contributed US$ 0.38 billion (Rs. 3,136 crore), while Brownfield companies invested US$ 0.62 billion (Rs. 5,146 crore). In the PLI Scheme 2.0 for IT Hardware, which includes 27 approved companies, 6 are Greenfield and 21 are Brownfield. The total investment of US$ 55.84 million (Rs. 464.66 crore) in both IT Hardware schemes shows a distribution of US$ 46.39 million (Rs 386.09 crore) from Brownfield companies and US$ 9.44 million (Rs 78.57 crore) from Greenfield companies. This information was provided by the Minister of State for Electronics and Information Technology, Mr. Jitin Prasada, in a Lok Sabha session.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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