Large-Scale Electronics PLI Beneficiaries Get Rs 19,091 Cr Incentives, Draw Rs 20,580 Cr Investment

New Delhi: Large scale electronics manufacturing PLI beneficiaries have received the highest incentives of Rs 19,090.98 crore under the scheme till June this year, while the sector has attracted investments of Rs 20,580.20 crore.

The government launched the PLI schemes in 2020 for 14 sectors, including electronics and pharmaceutical, with an approved outlay of Rs 1.91 lakh crore, to enhance manufacturing capabilities, attract investment, promote exports, generate employment, and reduce import dependence.

The government provides fiscal incentives to the eligible PLI beneficiary firms on incremental sales (over base year).

The production-linked incentive (PLI) scheme for large scale electronics manufacturing (LSEM) was started in 2020 with an aim to boost domestic manufacturing of mobile phones in the country.

As many as 32 beneficiary companies were approved under the scheme. India has emerged as a second largest mobile manufacturer in the world and smartphones have emerged as India’s one of the top exported commodity.

The tenure of this scheme was extended from five years (2020-25) by one year till 2025-26. Smartphone exports from the country has increased to about USD 30 billion in 2025-26 from USD 5.5 billion in 2021-22.

In total, the government has disbursed Rs 36,754 crore to beneficiary companies under the schemes since the launch in 2020 till June 30 this year, according to the DPIIT data.

While Rs 6,662 crore was disbursed to the pharma sector, Rs 3,271.440 crore and Rs 3,174.15 crore were released to the beneficiary firms of food products and auto and auto components segments, respectively, as on June this year, the data showed.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)