India’s drive to become a global electronics manufacturing powerhouse has received a major shot in the arm, with the government receiving ₹8,000 crore worth of proposals under its Production Linked Incentive (PLI) scheme for electronic components. This surge in industry interest marks a significant milestone in the Centre’s efforts to deepen the country’s electronics ecosystem, reduce import dependence, and create high-value jobs.
Launched as part of the broader Make in India and Atmanirbhar Bharat initiatives, the PLI scheme for electronic components incentivizes domestic and foreign manufacturers to set up or expand production facilities in India. The scheme offers financial rewards based on incremental sales of components such as semiconductors, capacitors, resistors, connectors, and other critical parts used in smartphones, consumer electronics, and industrial devices.
According to government officials, the Centre has received proposals worth ₹8,000 crore from both Indian and multinational companies. These proposals span a wide spectrum of components, from basic electronic parts to advanced semiconductor modules, reflecting the growing confidence of industry players in India’s policy environment.
The Centre’s commitment to building a robust electronics value chain is evident in policy clarity, faster approvals, and attractive incentives under the PLI scheme. Global supply chain disruptions and the China+1 strategy have prompted companies to diversify manufacturing bases, with India emerging as a preferred destination.
India’s booming market for smartphones, wearables, and IoT devices is driving demand for locally manufactured components, reducing the need for imports.
The Centre’s successful mobilization of ₹8,000 crore in proposals under the components PLI scheme is a clear sign that India is on track to realize its ambition of becoming a global electronics manufacturing hub. With sustained policy support, infrastructure upgrades, and a focus on skill development, the sector is poised for robust growth in the coming years.