Rs 8282 crore invested under PLI scheme for electronic manufacturing: Government

A total investment of Rs 8,282 crore has been made by 32 companies under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing in the country till the end of June, Minister of State for Electronics and Information Technology Jitin Prasada told the Lok Sabha in a written reply on Wednesday.

Of the 32 companies approved under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing, 7 are greenfield companies and 25 are brownfield companies.

Out of the cumulative investment of Rs 8,282 crore made under the scheme till June 30, 2024, the cumulative investment made by greenfield companies is Rs 3,136 crore, and the cumulative investment made by brownfield companies is Rs 5,146 crore.

The minister also informed the Lower House that 27 companies were approved under PLI Scheme 2.0 for IT Hardware, of which 6 were greenfield companies and 21 were brownfield companies and a cumulative investment of Rs 464.66 crore was made by them for IT Hardware till June 30, 2024. The investment made by brownfield companies is Rs 386.09 crore and by greenfield companies is Rs 78.57 crore.

The PLI Scheme for Large Scale Electronic Manufacturing was notified on April 1, 2020, thirty-two companies were approved with a committed investment of Rs 11,324 crore and an estimated production target of Rs 10,70,000 crore.

The PLI Scheme for IT Hardware was notified on March 3, 2021, and PLI Scheme 2.0 for IT Hardware was notified on May 29, 2023. 14 companies were approved under the PLI Scheme for IT Hardware with a committed investment of Rs 2,517 crore and a committed production target of Rs 1,60,751 crore.

A total of 27 companies were approved under PLI Scheme 2.0 for IT Hardware with a committed investment of Rs 2,955 crore and a committed production target of Rs 3,51,647 crore. Out of the 14 applicants approved for IT Hardware, 13 have been moved to PLI Scheme 2.0 for IT Hardware.

The Minister told the House that the Government has not made any changes in the production or investment norms after the selection of companies under the PLI Scheme for Large Scale Electronics Manufacturing, PLI Scheme for IT Hardware or PLI 2.0 for IT Hardware.

However, to provide relief to companies approved under the PLI scheme affected by the COVID-19 pandemic, the period of the PLI scheme for large-scale electronics manufacturing has been extended by one year i.e. from 2024-25 to 2025-26. Participating companies can choose to choose any five-year period up to 2025-26 to meet their production targets under the scheme.