July 27, 2025 01:52 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'I feel sad to support such a govt': Chirag Paswan slams Bihar administration after woman 'gang-raped' in Bodh Gaya | Bihar woman gang-raped in moving ambulance after she fell unconscious during Home Guard Test | Operation Sindoor still on, preparedness level should be high: CDS Anil Chauhan | PM Modi tops list of global leaders with 75 percent approval rating, Donald Trump languishes at 8th place | President Murmu, PM Modi pay tributes to martyrs' on Kargil Vijay Diwas | Jagdeep Dhankar's resignation: Election Commission initiates steps for Vice President elections | Centre bans Ullu, ALTT, other OTT apps over obscene content | Centre bans Ullu, ALTT, other OTT apps over obscene content | Deeply touched by Muizzu's gesture, writes Narendra Modi on X after arriving in Male | Tejashwi Yadav mulls boycotting Bihar polls over SIR, says 'no point in holding elections when people can't vote'

Govt unveils guidelines for three schemes with the outlay of Rs 50,000 cr to boost electronic sector

| @indiablooms | Jun 03, 2020, at 01:47 pm

New Delhi/IBNS: The government has announced Rs 50,000 crore package to revive the electronic industry reeling under the coronavirus-induced lockdown with an aim to boost the domestic manufacturing of five global and five Indian mobile phone makers, Union Minister Ravi Shankar Prasad said on Tuesday.

The package includes three schemes-- the Production-Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modern Electronics Manufacturing Clusters (EMC 2.0) Scheme.

These schemes were notified by the Ministry of Electronics and IT (Miety) on April 1.

Niti Aayog CEO Amitabh Kant was quoted as saying on Tuesday by Economic Times, "Many years later, when you will look back, you will find that today's day will be a pathbreaking day because under the Aatma Nirbhar Bharat concept of the Prime Minister, our attempt is to build some champion sectors who will drive India's growth and create jobs. 

"I was fortunate work with Ministry of Electronics and IT under the leadership of the Minister (Prasad) and want to compliment his leadership. I was fortunate work with Ministry of Electronics and IT under the leadership of the Minister (Prasad) and want to compliment his leadership. He was very clear in his perspective and everyone in his team worked with dedication for this."

The PLI scheme offers an incentive of 4 per cent to 6 per cent on incremental sales (over base year ) of the goods manufactured in India covered under the target segments, to the eligible companies, for a period of five years following the base year, said an ET report.

Under SPECS, a financial incentive of 25 per cent on capital expenditure for a list of electronic goods like semiconductor/ display fabrication units, electronic components, Assembly, Test, Marking and Package (ATMP) units specialised sub-assemblies and capital goods used in the manufacturing of these goods.

In order to attract major global electronic manufacturers, including their supply chains, the EMC 2.0 will support the set up of world class infrastructure along with the common facilities and amenities, including Ready Built Factory (RBF)/ Plug and Play facilities.

The portals to receive applications for the three schemes have been made operational by the IFCI, a public sector NBFC, the report said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu