Preparation for the manufacture of electronics devices including semiconductors on a large scale in the country itself.
According to the guidelines issued by the Ministry of Electronics and IT, the application under the PLI scheme will be made by 31 March.
Applications can be made by 31 March
According to the guidelines issued by the Ministry of Electronics and IT, the applications under this scheme will be made by 31 March. This date can be extended even further.
PLI scheme of second round will be 4 yearsAccording to an official memorandum released on March 11, “Applications have been started under the second round production linked incentive scheme. The second round of PLI will be a four-year plan. Under this, incentives will be given from April 1, 2021. ”
Companies will invest 11 thousand crore rupees in the first round
Under the first round plan, applications were taken till 31 July. Foxconn, Wistron and Pegatron, which manufactures contracts for Apple, besides Samsung and local companies Lava, Optimus, Dixon, etc. participated in this round. These companies have committed investment of over Rs 11,000 crore.
PLI scheme was launched by the government in the year 2020
Let us know that to promote smartphone manufacturing in the country, the Central Government launched the PLI scheme of $ 6.7 billion last year. Apple participated in the scheme through its contractors.