2020's PLI scheme boosted India's electronics production by 180%, targeting self-reliance and reducing imports.
The CII report recommends the government to revise the existing Production-Linked Incentive (PLI) schemes for electronic parts, targeting self-reliance and boosting local production. The PLI scheme, introduced in 2020, has propelled India's electronics production, increasing it by 180% from $37 billion in 2016 to $105 billion in 2023, and reducing dependence on imports, particularly from China.
June 24, 2024
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