Electronic production: The meeting of the cabinet chaired by Prime Minister Narendra Modi to make the country “authoritative” in the electronic supply chain approved the production regime of electronic components with a financing of RS 22,919 cror. Based on this scheme, it is expected to attract an investment of RS 59,350 crores, produce RS 4.56,500 crores and create direct employment and many indirect jobs for 91,600 people, so that the country can go forward rapidly in electronic production.
What is the purpose of the scheme
The scheme aims to attract large investments in the production ecosystem of electronic components, develop enriches internal prices (Dav) and Indian companies to develop a strong component ecosystem by integrating with global value chains (GVC). According to the cabinet, the duration of the regime is six years and a part of a part of the incentive is associated with the employment objective.
Read also: This is the easiest way to create a strong password, hackers can’t even break the
Cagr growing electronics
In this scheme, the government will provide different types of incentives for Indian producers for components of different categories and sub-governments, so that they can obtain technological skills and scale. The internal production of electronic goods has increased from Cagr of RS 1.90 Lakh Crore in 2014-15 year to RS 9.52 Lakh Crore in 2023-24 exercise.
Iesa welcomed
The export of electronic goods has increased from CAGR of RS. 0.38 Lakh Crore in the 2014-15 year at RS 2.41 Lakh Crore in 2023-24 exercise. On Friday, India Electronics and SemiConductor Association (Iesa) welcomed the approval of the government to the incentive regime for the production link (PLI) for electronic components and sub -government manufacturing. The scheme was requested by industry for a long time. According to the Iesa report, the production and exports of the Electronic Market of India could increase to $ 400 billion by 2030. This will strengthen the position of the country as an electronic exporter in the world.
The latest news of the country and the world (No news) Read more in Hindi, all the big news Times Now Now Navbharat Live TV But. Tech and gadgets (Tech-Gadgets News) Updates and elections (Election) Times Now Navbharat was associated with the latest news.
