The scheme will focus on key components such as batteries, displays, camera modules, and printed circuit boards (PCBs), aligning with the government’s push to reduce dependence on imports and strengthen India’s electronics supply chain.
This PLI follows the now-defunct Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), which ended in March 2024.
Industry stakeholders had initially proposed a larger ₹40,000 crore allocation to support a wider range of electronic components. However, the government has currently pegged the outlay at ₹25,000 crore, though it remains open to expanding the scheme based on industry response.
The new PLI scheme is expected to attract investments worth ₹40,000-45,000 crore, bolstering the country’s electronics ecosystem. By incentivising local production, the government aims to enhance value addition, create jobs, and position India as a global manufacturing hub for critical electronics components.
