₹44,000 cr push likely for India-made global brands in electronics, semicon
Business Standard|July 04, 2024
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of ₹44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands.
SURAJEET DAS GUPTA
₹44,000 cr push likely for India-made global brands in electronics, semicon

The task force's recommendations include significant incentives: ₹15,000 crore dedicated to electronic products (systems), 11,000 crore for semiconductor products, and ₹18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.

However, these new recommendations will require government approval. If sanctioned, the allocation would be comparable in scale to the production-linked incentive (PLI) scheme for mobile devices and electronics.

Set up in January this year, the task force is chaired by Ajay K Sood, the principal scientific adviser to the government.

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