Center keen to make India An Electronics Manufacturing Hub

The Centre is readying a Rs 45,000-crore fund in an aggressive push to ensure big firms such as Apple, Samsung, Huawei, Oppo, and Vivo, besides contract manufacturers like Foxconn and Wistron, bring their global supply chains to India and make the country an electronics manufacturing hub in the next five years. Out of the Rs 45,000-crore fund, about Rs 41,000 crore would be disbursed to companies based on production-linked incentive (PLI) criteria, while the remaining Rs 4,000 crore would be offered under a proposed capital subsidy, or reimbursement, scheme. The proposed scheme will replace the popular Modified Special Incentive Package Scheme (M-SIPS).

Leave a Reply

Your email address will not be published. Required fields are marked *