According to Rajeev Chandrasekhar, Minister of State for Electronics and IT, around Rs 20,000 crore is expected to come from electronic component and semiconductor companies, and Rs 14,090 crore from 32 proposals approved under the production linked incentive (PLI) scheme for large scale electronics manufacturing.
“Under the SPECS Scheme, investment to the tune of Rs 20,000 crore is expected. The total employment potential (both direct and indirect) of the scheme is approximately 6 lakh,” the minister said.
Leading contract manufacturers of Apple — Foxconn, Pegatron and Wistron, South Korean electronics major Samsung, Indian companies Lava, Jio’s Neolync, Optiemus Electronics etc have participated in PLI for large scale electronics manufacturing.
“In the aforementioned PLI schemes for large scale electronics manufacturing and IT hardware, the amount of investment expected to be brought in by the approved applicants is Rs 14,090 crore. The total employment (both direct and indirect) expected to be generated during the tenure of the schemes is about 8.57 lakh,” Chandrasekhar said.
Vishay Components, Deki Electronics, Continental Device India, Salcomp Technologies, and others were among the 16 proposals approved by the Ministry of Electronics and Information Technology under the second round of PLI for large scale electronics production for electronic components.
Meity has approved 14 IT hardware bids under PLI, including Dell, Foxconn subsidiary Rising Stars, Flextronics, Dixon Technologies, Panache Digilife, Netweb Technologies, Smile Electronics, and others.