Cabinet approves PLI scheme for electronic component with outlay of Rs 22,919 crore

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the production-linked incentive (PLI) scheme for non-semiconductor electronics components with an outlay of Rs 22,919 crore, Union Electronics and IT Minister Ashwini Vaishnaw said.

“Passive components are approved under the Electronics Component PLI scheme. It has a total package of Rs 22,919 crore. This will be for over six years,” he said. This is the first scheme that focuses on promoting the manufacturing of passive electronic components.