Govt notifies component PLI scheme, guidelines to come soon

Govt notifies component PLI scheme, guidelines to come soon

Ministry of Electronics and Information Technology on April 8 notified the production linked incentive scheme for component manufacturing, a week after the Union Cabinet approved the scheme.

Announcing the same in New Delhi, minister for electronics and information technology Ashwini Vaishnaw said that post this, the ministry will be holding consultation with the industry for two-three weeks for setting up the guidelines for the PLI scheme.

While the PLI scheme that was notified on April 8 provides the structure for the scheme, the guidelines will be detail the contours of the scheme.

"This will be a horizontal scheme -- electronics components which will be supported by the PLI will go into consumer electronics, medical electronics, electrical grids and so on," Vaishnaw said.

The kind of components that will be manufactured include resistors, capacitors, specialty ceramics, inductors, coils, speakers, microphones, relays, switches, connectors, heat syncs, antennas, vibrator motors, actuators, non-semiconductor sensors, transducers, laminades, copper foils, separators, cathode/anode material, polypropylene, lenses, protective film, glass cover, backlight, contrast film, polariser film and so on.

"Within a short time frame, the component manufacturers and the diversity of the manufacturing ecosystem have substantially increased. It all starts with finished goods, then it moves to assemblies, then it moves to components. We are at the third phase of our growth," Vaishnaw added.