NITI Aayog approves 32 beneficiaries under PLI scheme for large-scale electronics manufacturing

The Empowered Committee headed by CEO, NITI Aayog Parameswaran Iyer on Friday approved first ever disbursement of incentive for mobile manufacturing under the large-scale electronics manufacturing’ sector.

The Production-Linked Incentive scheme for Large-Scale Electronics Manufacturing is expected to make India a competitive destination for electronics manufacturing. It will also give a boost to Aatmanirbhar Bharat while creating more global champions.

Padget Electronics Private Limited, a domestic company, is the first beneficiary approved by the Empowered



Committee to receive incentive under mobile manufacturing based on its incremental investment and sales figures.

NITI Aayog said, thirty-two beneficiaries had been approved under the PLI scheme for Large-Scale Electronics Manufacturing. Of which five global and five domestic companies were approved for mobile manufacturing. For the quarter ending June this year, the applicants under this PLI scheme had undertaken sales of over 1.67 lakh crore rupees, including export of  65,240 crore rupees. This PLI scheme has also generated employment of 28,636.