IT Ministry seeks Cabinet nod for Rs 40,000 cr electronics package in Dec

The Ministry of Electronics and Information Technology (MeitY) is seeking the Union Cabinet’s approval for a Rs 40,000 crore package in December, aimed at enhancing domestic manufacturing of electronic components, according to a report by The Economic Times.

The financial package is expected to include subsidies for capital expenditure and production-linked incentives (PLI) to encourage job creation and develop an ecosystem for electronic component manufacturing.