PLI for large scale electronics: 32 companies invested Rs 8,282 crore till June

As many as 32 companies have invested Rs 8,282 crore under the PLI scheme for large scale electronics manufacturing till June, as per the data from Ministry of Electronics & Information Technology (MeitY).

An investment of Rs 11,324 crore was committed for the manufacturing of electronics, with a projected production target of Rs 10.70 lakh crore. As of June, out of the approved 32 companies under the PLI Scheme for electronics, seven are greenfield companies and 25 are brownfield companies. MoS for Electronics and IT, Jitin Prasada shared this in a written reply to a question in the Lok Sabha on July 24.

13 out of 14 applicants from the PLI scheme for IT Hardware have been migrated to PLI 2.0 scheme. Under this, a total of 27 companies were approved with committed investment of Rs 2,955 crore and committed production target of Rs 3.51 lakh crore.

The tenure of PLI for electronics manufacturing has been extended by a year to 2025-26, to offer relief to companies under PLI affected by COVID-19 pandemic from meeting production targets.