New Delhi: From lithium ion batteries And the capital goods used for electronics for cameras and printed circuit boards (PCBs), on Friday the Center announced an incentive of Rs 23,000 crore for component construction in India, a step aimed at strengthening the domestic manufacturing ecosystem.
While electronic items, especially the domestic construction of mobile phones, has increased rapidly, component manufacturers are still focusing on China to a large extent, which provides a lot of amounts. With Govt focusing to include computers and laptops and cameras, this idea is a complete spectrum of component building in India. For example, about 90% of PCBs are still imported into the country.
If Production associated encouragement (PLIS) tricked for mobile phones, the new scheme also marks a shift, including a turnover-based incentive as well as packages associated with capital expenditure. The scheme is spread in six years.
Electronics and IT Minister Ashwini Vaishnav told reporters that the scheme would create direct employment for 91,600 people and attract an investment of about Rs 59,350 crore. “Are approved under the inactive component Electronics component planIts total package is Rs 22,919 crore. This will be for more than six years, “he said, the scheme will meet the requirements of many fields, including telecom, consumer electronics, automobiles, medical equipment, electric fields, etc.
Vaishnav said that the scheme is expected to produce Rs 4.6 lakh crore.
The announcement of the scheme, which has been working for several months, indicated the government’s continuous focus on domestic production to reduce dependence on sugar imports, despite a part of the domestic industry, some of the obstacles standing after stress in Ladakh should be withdrawn.
Given the large Chinese presence in components eco-system, the government’s press note 3, which provides for the approval of case-by-case for companies sharing a land border with India, will be tested. In recent years, Chinese companies have sought to partner with Indian institutions and set up a joint venture to remove FDI checks, often unsuccessful.
The Ministry of Electronics and, however, have prepared ways to ensure that the components used are from safe sources by specifying the standards.
