In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be-launched production-linked incentive (PLI) scheme for electronics components, sources in the government told Business Standard. This target implies doubling of value-addition from the current levels of 18-20 per cent in the case of electronics manufacturing through various incentive schemes.
Once the scheme comes in, there will be an increase in value addition, and in the long term, India will be a competitive destination for electronics manufacturing, according to officials in the know. Increase in value-addition in electronics manufacturing would mean more components getting sourced locally, rather than being imported, leading to increased share of revenues for the country.
The target of achieving 40 per cent local value-addition is comparable to only China which after decades of manufacturing and assembly - is estimated to have achieved a value addition between 40 per cent and 50 per cent.
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Denne historien er fra June 12, 2024-utgaven av Business Standard.
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