Large-scale electronics PLI catalyses Rs 96,000 cr investment in mobile manufacturing: MoS IT

The production-linked incentive scheme for large-scale electronics manufacturing catalysed Rs 96,000 crore investment in the domestic mobile production ecosystem, Parliament was informed on Wednesday.

Minister of State for Electronics and IT, Jitin Prasada, in a written reply to the Lok Sabha, said that following initiatives taken by the government, electronics production in the country has increased from Rs 11.32 lakh crore in FY 2024-25 to Rs 13.11 lakh crore in FY 2025-26, growing at a year-on-year growth rate of 15.8 per cent. “PLI-LSEM has catalysed investments of approximately Rs 96,000 crore (around USD 14 billion) in the mobile manufacturing ecosystem across the country,” Prasada noted.