Investment of Rs 8282 crore is done under PLI Scheme for electronic manufacturing: Govt
Jul 25, 2024
New Delhi [India], July 25 : As of June end, a cumulative investment of Rs 8282 crore by 32 companies is done under the Production-linked incentive (PLI) scheme for large-scale electronics manufacturing in the country. The Minister of State for Electronics and Information Technology, Jitin Prasada informed the Lok Sabha in a written reply on Wednesday.
Out of the 32 companies approved under the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing, 7 are greenfield companies and 25 are brownfield companies.
Out of the cumulative investment of Rs 8,282 crore made under the scheme till June 30, 2024, the cumulative investment made by greenfield companies is Rs 3,136 crore, and the cumulative investment made by brownfield companies is Rs 5,146 crore.
The minister also informed the lower house that, 27 companies were approved under PLI Scheme 2.0 for IT hardware, 6 were greenfield companies, and 21 were brownfield companies, and a cumulative investment of Rs 464.66 crore was made by them for IT hardware till June 30, 2024. The investment made by Brownfield companies is Rs 386.09 crore, and that of Greenfield companies is Rs 78.57 crore.
The PLI scheme for large-scale electronic manufacturing was notified on April 1, 2020, thirty-two companies were approved with a committed investment of Rs 11,324 crore and a projected production target of Rs 10,70,000 crore.
The PLI scheme for IT hardware was notified on March 3, 2021, and PLI scheme 2.0 for IT hardware was notified on May 29, 2023. Under the PLI Scheme for IT Hardware, 14 companies were approved with a committed investment of Rs 2,517 crore and a committed production target of Rs 1,60,751 crore.
Under the PLI Scheme 2.0 for IT Hardware, a total of 27 companies were approved with a committed investment of Rs 2,955 crore and a committed production target of Rs 3,51,647 crore. 13 out of the 14 approved applicants for IT hardware have been migrated to PLI Scheme 2.0 for IT hardware.
The minister informed the house that the government has not changed the production or investment criteria under the PLI Scheme for Large Scale Electronics Manufacturing, the PLI Scheme for IT Hardware, or PLI 2.0 for IT Hardware after the selection of the companies under the scheme.
However, to provide relief to companies approved under the PLI Scheme affected by the COVID-19 pandemic, the tenure of the PLI Scheme for Large Scale Electronics Manufacturing has been extended by one year, i.e., from 2024-25 to 2025-26. Participating companies could exercise the option of choosing a period of any five years until 2025-26 to meet their production targets under the scheme.
