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India approves 22 projects under Electronics Component PLI scheme

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India approves 22 projects under Electronics Component PLI scheme

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The government has approved 22 investment proposals under the Electronics Component Production-Linked Incentive (PLI) scheme.

The approvals are expected to result in investments of ₹41,863 crore and are likely to generate nearly 37,000 jobs. Output from the 22 approved projects is projected at ₹2.58 lakh crore.

So far, of the total investments cleared, more than half (almost ₹22,000 crore) has been aimed at the Apple ecosystem.

Among the 22 proposals cleared in the latest, third tranche of the Electronics Component PLI scheme are two projects…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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India approves 22 projects under Electronics Component PLI scheme


The government has approved 22 investment proposals under the Electronics Component Production-Linked Incentive (PLI) scheme.

The approvals are expected to result in investments of ₹41,863 crore and are likely to generate nearly 37,000 jobs. Output from the 22 approved projects is projected at ₹2.58 lakh crore.

So far, of the total investments cleared, more than half (almost ₹22,000 crore) has been aimed at the Apple ecosystem.

Among the 22 proposals cleared in the latest, third tranche of the Electronics Component PLI scheme are two projects…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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