In a major push for domestic electronics manufacturing, the Union Cabinet on Friday (March 28) cleared a ₹22,919 crore Production-Linked Incentive (PLI) scheme. CNBC-TV18 had reported on this development on March 27, quoting sources.
The scheme, finalised by the Ministry of Electronics and Information Technology (MeitY), is focused on increasing local production of key electronic components. The PLI scheme focused on boosting domestic production of sub-assemblies and bare components like PCBs, capacitors, fuses, and resistors, Union Electronics and…