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Centre nod to incentive scheme of Rs 40,995 cr for electronics firms

Decision to help electronics manufacturers make India a global hub; Apple, Samsung may gain

Topics
Electronic manufacturing | Electronics industry | mobile manufacturing

Neha Alawadhi & Surajeet Das Gupta  |  New Delhi 



Union ministers Ravi Shankar Prasad (left) and Prakash Javadekar at a press conference after the Cabinet meeting in New Delhi on Saturday  	Photo: PTI
Union ministers Ravi Shankar Prasad (left) and Prakash Javadekar at a press conference after the Cabinet meeting in New Delhi on Saturday Photo: PTI

In a move that may encourage global mobile device manufacturers such as the US-based Apple and South Korean major Samsung to make India one of their global hubs for exports, the Centre has announced a production-linked incentive (PLI) scheme with a budgetary allocation of Rs 40,995 crore. Under the scheme, which was approved by the Union Cabinet on Saturday, electronics manufacturers will be offered incentives ranging from 4 to 6 per cent on their incremental sales of goods manufactured in India for a period of five years.

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First Published: Sun, March 22 2020. 01:10 IST

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