‘Wait and watch’: MeitY secretary S Krishnan on $3 billion electronics PLI scheme

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“This sounds like a question and a cross-examination of a witness in court. So, I would only say that you will have to wait and watch. You will hear about it soon,” said S Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), when asked about the government’s proposed $3 billion (about ₹25,000 crore) Production-Linked Incentive (PLI) scheme for the electronics components industry.

CNBC-TV18 reported on Thursday that MeitY has finalised a Cabinet note for a ₹25,000 crore PLI scheme aimed at boosting domestic manufacturing…



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‘Wait and watch’: MeitY secretary S Krishnan on $3 billion electronics PLI scheme


“This sounds like a question and a cross-examination of a witness in court. So, I would only say that you will have to wait and watch. You will hear about it soon,” said S Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), when asked about the government’s proposed $3 billion (about ₹25,000 crore) Production-Linked Incentive (PLI) scheme for the electronics components industry.

CNBC-TV18 reported on Thursday that MeitY has finalised a Cabinet note for a ₹25,000 crore PLI scheme aimed at boosting domestic manufacturing…



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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