educratsweb logo


In his address to media at a Press Conference marking the conclusion of application window under the Production Linked Incentive Scheme (PLI), Shri Ravi Shankar Prasad, Union Minister for Electronics & IT, Communications, Law and Justice said that PLI scheme has been huge success in terms of the applications received from Global as well as Domestic Mobile Phone manufacturing companies and electronic components manufacturers. Industry has reposed its faith in India’s stellar progress as a world class manufacturing destination and this resonates strongly with Prime Minister’s clarion call of AtmaNirbhar Bharat - a selfreliant India. Minister further said that “we are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening electronics manufacturing ecosystem in the country”.

Production Linked Incentive Scheme (PLI)for Large Scale Electronics Manufacturing was notified on 1st April, 2020. PLI Scheme extends an incentive of 4% to 6% on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (FY2019-20). The scheme was open for filing applications till 31.07.2020. Incentives are applicable under the scheme from 01.08.2020.

          A total of 22 companies have filed their application under the PLI Scheme. The international mobile phone manufacturing companies that have applied under Mobile Phone (Invoice Value INR 15,000 and above) Segment are Samsung, Foxcon Hon Hai, Rising Star, Wistron and Pegatron. Out of these, 3 companies namely Foxcon Hon Hai, Wistron and Pegatron are contract manufacturers for Apple iPhones. Apple (37%) and Samsung (22%) together account for nearly 60% of global sales revenue of mobile phones and this scheme is expected to increase their manufacturing base manifold in the country.

         Under Mobile Phone (Domestic Companies) Segment, Indian companies including Lava, Dixon Technologies, Bhagwati (Micromax), Padget Electronics, Sojo Manufacturing Services and Optiemus Electronics have applied under the scheme. These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in mobile phone production. 10 companies have filed applications under the Specified Electronic Components Segment which include AT&S, Ascent Circuits, Visicon, Walsin, Sahasra, Vitesco and Neolync.

         Over the next 5 years, the Scheme is expected to lead to total production of about INR 11,50,000 crore (INR 11.5 lakh crore). Out of the total production, companies under Mobile Phone (Invoice Value INR 15,000 and above) segment have proposed a production of over INR 9,00,000 crore, The companies under Mobile Phone (Domestic Companies) segment have proposed a production of about INR 2,00,000 crore and those under Specified Electronic Components segment have proposed a production of over INR 45,000 crore.

The scheme is expected to promote exports significantly. Out of the total production of INR 11,50,000 crore in the next 5 years, more than 60% will be contributed by exports of the order of INR 7,00,000 crore.The scheme will bring additional investment in electronics manufacturing to the tune of INR 11,000 crore.

           The scheme will generate approximately 3 lakh direct employment opportunities in next 5 years along with creation of additional indirect employment of nearly 3 times the direct employment. Domestic Value Addition is expected to grow from the current 15-20% to 35-40% in case of Mobile Phones and 45-50% for electronic components.

With the demand for electronics in India expected to grow manifold by 2025, Hon’ble Minister expressed confidence that PLI scheme and other initiatives to promote electronics manufacturing will help in making India a competitive destination for electronics manufacturing and give boost to AtmaNirbhar Bharat. Creation of domestic champion companies in electronics manufacturing under the Scheme will give fillip to vocal for local while aiming for global scale.

 

          Under the leadership Prime Minister Shri Narendra Modi  and his visionary initiatives like the “Digital India” and “Make in India” programmes, India has witnessed an unprecedented growth in electronics manufacturing in the last five years. The National Policy on Electronics 2019envisions positioning India as a global hub for Electronics System Design and Manufacturing (ESDM) by focusing on size and scale, promoting exports and enhancing domestic value addition by creating an enabling environment for the industry to compete globally.

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1642823

PLI Scheme to herald a new era in mobile phone and electronic components manufacturing
Contents shared By educratsweb.com

if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST
1. Prime Minister Narendra Modi launches platform for Transparent Taxation - Honouring the Honest
2. Online Performance Dashboard Empowering Tribals, Transforming India developed by M/o Tribal Affairs launched
3. Major Improvements in National Overseas Scholarship Scheme for Schduled Castes students w.e.f. selection Year 2020-21
4. Union Minister for Jal Shakti, Shri Gajendra Singh Shekhawat launches Swachh Bharat Mission Academy
5. Ministry of Tourism organises second Independence Day themed webinar titled “Cellular Jail: Letters, Memoirs & Memories” under DekhoApnaDesh webinar series
6. CHAIRMAN RAILWAY BOARD RELEASES E-PASS MODULE UNDER HRMS PROJECT DEVELOPED BY CRIS FOR ONLINE PASS GENERATION AND TICKET BOOKING BY RAILWAY EMPLOYEES
7. Need for providing a comprehensive and objective account of the historical events: Vice President
8. Gadkari calls for enhanced international investment in Infrastructure and MSME sector
9. Prime Minister Shri Narendra Modi to launch the platform for “Transparent Taxation – Honoring the Honest” on the 13th August 2020.
10. Atal Innovation Mission and Dell Technologies Launch Student Entrepreneurship Programme 2.0
11. Advances in microscopy has helped study complex questions of locomotion: Prof VijayRaghavan
12. ISRO is fast enlarging its role in developmental activities: Dr. Jitendra Singh
13. Till July this year 94 Jan Aushadhi Kendras are opened in J&K and Ladakh region and 73 new are proposed
14. Raksha Mantri Shri Rajnath Singh launches 15 products developed by Defence PSUs and OFB;
15. Union Minister of Agriculture & Farmers Welfare Shri Narendra Singh Tomar launches Krishi Megh
16. EPFO ensures hassle free service delivery through UMANG during COVID-19 pandemic
17. NDA Government has taken various initiatives to boost fertilizer Sector- Shri Gowda
18. PM launches financing facility of Rs. 1 Lakh Crore under Agriculture Infrastructure Fund
19. Prime Minister Shri Narendra Modi launches submarine cable connectivity to Andaman & Nicobar Islands (CANI)
20. Government to provide mobile connectivity in 354 villages which are located in strategic and border areas- Shri Ravi Shankar Prasad
21. Ministry of Tourism launches  Independence Day themed Webinars with first presentation titled ‘Memoirs of 1857- A prelude to Independence’
22. Gadkari emphasises upon improving MSME footprint in 115 aspirational districts*
23. India and Japan are looking to have trusted partners from authentic investors: Shri Piyush Goyal
24. Union Minister of Panchayati Raj & Rural Development Shri Narendra Singh Tomar distributes National Panchayat Awards 2020
25. Letter of Recommendation module launched to include vendors who don’t have Identity Card and Certificate of Vending under PM SVANidhi
26. Agriculture Mechanization and Technology Division takes various initiatives for farmers’ welfare under Atma Nirbhar Bharat Abhiyaan/Krishi
27. Webinar on New Technologies for various Products related to COVID 19 for MSMEs with focus of Water Purification Technologies
28. Union Minister Shri Ram Vilas Paswan urges States and UTs to fully implement One Nation One Ration Card scheme without any delay
29. TRIFED Reiterates its commitment towards transformation of tribal lives on the occasion of its Thirty-Third Foundation Day
30. Unlocking Online Dispute Resolution to Enhance the Ease of Doing Business
31. Pradhan Mantri Garib Kalyan Anna Yojana Phase-I
32. Inaugural run of Devlali-Danapur Kisan Rail flagged off
33. Dawn of A New Era of Peace, Progress & Prosperity in Jammu, Kashmir and Ladakh : A Series of Road & Highway Projects to Give Impetus to Growth
34. Proposals for the construction of nearly 10.28 Lakh houses approved under PMAY(Urban)
35. PM to launch financing facility under Agriculture Infrastructure Fund and release benefits under PM-KISAN tomorrow
36. 21 ESIC Hospitals Converted into Dedicated COVID-19 Hospitals Across the Country with the Facility of 2400 Isolation Beds: Santosh Gangwar
37. English rendering of text of PM’s speech at Higher Education Conclave
38. Union Minister of Textiles and Women & Child Development, Smt Smriti Zubin Irani extends greetings on the occasion of the 6th National Handloom Day
39. Eco-friendly Synthesis of Gold Nanoparticles from Antarctic Bacteria for Therapeutic Use
40. Statement by ECI
41. Sports Minister Kiren Rijiju said on Friday that the ministry will launch Target Olympic Podium Scheme (TOPS) Junior to groom young athletes for the 2024 and 2028 Olympics.
42. Jal Jeevan Mission: A reservoir of clean water & employment opportunities
43. Equipment-free, a simple paper-strip based naked-eye fluoride ion detection and quantification kit in drinking water to evade Fluorosis-based disorders
44. Prime Minister Shri Narendra Modi to inaugurate submarine cable connectivity to Andaman & Nicobar Islands (A&NI) on Monday 10th August
45. MNRE issues fresh advisory against fraudulent websites inviting registration underPM-KUSUMScheme
46. NHAI to collaborate and partner with premier Technical Institutes for improving Highway Infrastructure leveraging local expertise
47. Lord Ram temple will boost the Religious/Spiritual tourism- Tourism Minister
48. Clarification on issue of GST rate on alcohol based hand sanitizers
49. MyGov Announces Winners of ‘AatmaNirbhar Bharat App Innovation Challenge’; Encourages the Spirit of Self-Reliance & Innovation
50. Special Liquidity Scheme for NBFCs and HFCs: Implementation Status
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

http://educratsweb(dot)com http://educratsweb.com/content.php?id=3107 http://educratsweb.com educratsweb.com educratsweb