"INR 22,919 Cr PLI Scheme for Electronic Components Approved by the Cabinet "

To increase the nation's independence in the electronics supply chain, the union cabinet today authorized the Electronics Component Manufacturing Scheme, which will cost INR 22,919 Cr. The plan intends to draw in INR 59,350 Cr in investment, which will produce INR 4,56,500 Cr and create 91,600 new direct jobs in addition to numerous indirect jobs. The program has a six-year duration with a one-year gestation period.

With an investment of INR 22,919 Cr, the union cabinet today authorized the eagerly anticipated production-linked incentive (PLI) scheme for non-semiconductor electronics components, aiming to increase India's independence in the electronics supply chain.On Friday, March 28, 2025, Union Minister Ashwini Vaishnaw declared that a plan to manufacture non-semiconductor electronics components had been authorized by the Union Cabinet. The total cost of the production-linked incentive program will be ₹22,919 crore. The production of electronics has grown at an unprecedented rate.