The Production Linked Incentive Scheme (PLI) has been launched for large scale electronics manufacturing keeping in mind the lack of level playing field, vis-a-vis competing nations, faced by the domestic electronics hardware manufacturing sectors. The PLI scheme will heal the infrastructure, domestic supply chain and logistics; high cost of finance, inadequate availability of quality power, limited design capabilities and R&D. The vision is to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by “encouraging and driving capabilities in the country for developing core components and creating an enabling environment for the industry to compete globally.
Production Linked Incentive Scheme (PLI) is boosting domestic manufacturing by driving large investments in specified electronic components, including Assembly, Testing, Marketing and Packaging (ATMP) units.
The scheme extended an incentive of 4% to 6% on incremental sales(over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of 5 years subsequent to the base year as defined. This scheme is implemented through a Nodal Agency which acts as a Project Management Agency (PMA) and is responsible for “providing secretarial, managerial and implementation support and carrying out other responsibilities as assigned by MeitY from time to time”.
Following the success of the First Round of Production Linked Incentive Scheme the second round will extend incentives of 5% to 3% on incremental sales over base year (i.e. 2019-2020) of goods manufactured in India and covered under the target segment to eligible companies for a period of four years.
The Government as approved PLI scheme for drones and drone components considering its traditional strengths in innovation, frugal engineering and its huge domestic demand, allocating
The tremendous boost in UAV manufacturing is indeed an outcome of the exceptional support shown by the Government while extending the PLI scheme for drone manufacturers.
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