MNC's finding PLI scheme lucrative for manufacturing in India

Published on: Jun 28, 2023
133 views

India’s manufacturing sector is going to become an engine for economic growth and a unique job creator in the country. The government has finalised the norms for Production Linked Incentive (PLI) scheme for the telecom and networking equipment and has started inviting applications for the second round of large-scale electronics manufacturing with focus on some electronic components like motherboards, semiconductor devices, among others.

The COVID-19 pandemic has permanently changed device usage patterns of employees and consumers as the remote work is turning into hybrid work, home education changing into digital education and interactive gaming moving to the cloud, both the types and number of devices people need, have and use will continue to rise. In 2021, the number of laptops and tablets in use will increase to 8.8% and 11.7%, respectively, while the number of desktop PCs in use is expected to decline from 522 million in use in 2020 to a forecasted 470 million in use in 2022.

The environment is now conducive for overseas component manufacturers to shift their facilities to India. As the nation’s telecom sector stands poised to transition from 4G to 5G soon, the PLI scheme offers the right impetus by aiming to create a vibrant telecom manufacturing ecosystem.

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MNC's finding PLI scheme lucrative for manufacturing in India

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    महाराष्ट्र के इस गांव ने कैसे पानी का सही इस्तेमाल कर के सूखे से हरियाली तक का सफर तय किया.

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    भारत में कैसे यह गांव बन गया सूखे से हरियाली की मिसाल #DWGlobalIdeas #Drought #Maharashtra #dblive

    By DB Live | 835 views

  • LIVE: HM Shri Amit Shah addresses Parivartan Sabha in Sahibganj, Jharkhand

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    LIVE: HM Shri Amit Shah addresses Parivartan Sabha in Sahibganj, Jharkhand

    By Bharatiya Janata Party Delhi | 982 views

  • Anil Vij ने CM पद के लिए ठोका दावा, कहा- मैं छह बार का विधायक हूं, पार्टी से आज तक कुछ नहीं मांगा

    Anil Vij ने CM पद के लिए ठोका दावा, कहा- मैं छह बार का विधायक हूं, पार्टी से आज तक कुछ नहीं मांगा

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    By Janta TV | 968 views