PLI scheme is aimed to make India a manufacturing hub

Production Linked Incentive Scheme (PLI) was launched by the Government to boost manufacturing in India. We continue to see gaming PCs and monitor sales at all-time highs and Chrome-based devices are expanding beyond education into the consumer market. In retrospect, the pandemic not only fueled PC market demand but also created opportunities that resulted in a market expansion. The government of India had introduced the PLI scheme offering incentives to companies manufacturing in 10 key sectors in the country. It has aimed at making manufacturers globally competitive and attract investment in the areas of core competency. The scheme is targeted at making the country an integral part of the global supply chain. Production linked incentive scheme is likely to boost the manufacturing output in 5-Years.

PM Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about ₹ 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about 520 billion dollars in the next five years . This is one of the best ways to encourage local companies to make their presence felt in telecom manufacturing. Telecommunications sector has played a pivotal role in facilitating growth of the economy and is a key enabler of digital connectivity and Digital India. Soon after the announcement of the PLI scheme for electronics manufacturing, the Centre cleared the names of 16 companies. Over the next five years, these Indian entities have proposed a production output of Rs1.25 lakh crore.

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