The government has started inviting applications for the second phase of electronics manufacturing on a large scale under the Production Related Incentive Scheme (PLI Scheme). Under this phase the government’s focus is on some electronic components like motherboards, motherboards, semiconductors. Applications will be on semiconductor devices etc. According to the guidelines issued by the Ministry of Electronics and Information Technology (Meity), applications under this scheme will be made by 31 March. This date can be extended even further.
According to an office memorandum issued on 11 March, applications have been started to be accepted under the second round of PLI scheme. The second round of PLI will be a four-year plan. Under this, incentives will be given from April 1, 2021.
These companies will invest 11 thousand crore rupees
Under the first round plan, applications were taken till 31 July. In this round, Samsung (Samsung) and local companies Lava, Optiemus, Dixon (Dixon), in addition to Foxconn, Wistron and Pegatron, the contract manufactures for Apple. ) Etc. participated. These companies have committed to invest more than 11,000 crore rupees.
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What is PLI Scheme?
The Government of India wants to make the country a global hub of manufacturing. In order to attract all companies from India and abroad to manufacture goods in India, the government has launched a Production Linked Incentive Scheme (PLI Scheme). Under the PLI scheme, the central government will give an incentive of Rs 1.46 lakh crore to companies making goods in India during the next 5 years.
All the emerging sectors such as automobiles, networking products, food processing, advanced chemistry, telecom, pharma, and solar PV manufacturing can be taken advantage of this scheme.
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