We are doing everything to make India a global manufacturing hub, says PM Modi

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    It is a very important move in the journey of ‘Make in India’ for electronics. The journey started in 2020 with an aim of attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. India’s cabinet has approved a $6.37 billion (Rs 637 crore) plan to boost electronics manufacturing. The policy has set an ambitious target of increasing electronics manufacturing in the country to $400 billion by 2025. The new measures that come at a time when the world is battling the coronavirus epidemic and halting global supply chains is aimed at attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. The Scheme shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India and covered under target segments, to eligible companies, for a period of five subsequent years. The move is likely to give an aggressive push to ensure big companies such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron bring their global supply chains to India and make the country an electronics hub.

    With a population nearing 1.4 billion, India has emerged as one of the largest markets for electronics products in the world. While the highest growth is in demand for smartphones, lighting products, security products as well as industrial technologies, there is also significant expansion in markets for medical electronics, defense, and emerging technologies such as 5G, IoT, Industry 4.0, and smart cities. As per a report, the country’s electronics market is forecast to reach $400 billion by 2025. Secondly, there is a huge gap in supply of electronic components such as PCBs, capacitors, resistors, chip components and semiconductor devices. “The recent disruptions in the global supply chain and challenges p

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    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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    The government has launched several initiatives to promote semiconductor manufacturing and attract investments in the sector. The "Make in India" campaign, introduced to boost domestic manufacturing across various industries, has a specific focus on electronics and semiconductors. Additionally, the government's National Policy on Electronics aims to make India a global hub for electronics manufacturing, including semiconductors.

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We are doing everything to make India a global manufacturing hub, says PM Modi

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    It is a very important move in the journey of ‘Make in India’ for electronics. The journey started in 2020 with an aim of attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. India’s cabinet has approved a $6.37 billion (Rs 637 crore) plan to boost electronics manufacturing. The policy has set an ambitious target of increasing electronics manufacturing in the country to $400 billion by 2025. The new measures that come at a time when the world is battling the coronavirus epidemic and halting global supply chains is aimed at attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. The Scheme shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India and covered under target segments, to eligible companies, for a period of five subsequent years. The move is likely to give an aggressive push to ensure big companies such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron bring their global supply chains to India and make the country an electronics hub.

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    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.

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    Maharashtra-Jharkhand Election Date का ऐलान, किसका होगा राजतिलक? Rajiv Kumar #PunjabKesariTVBreaking

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Govt./PSU

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    Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party

    Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party

    #arvindkejriwal #education #aamaadmiparty

    Arvind Kejriwal All Interviews:
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    Arvind Kejriwal on Baba Saheb Ambedkar:
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  • India observes Independence Day with patriotic fervour

    India observes Independence Day with patriotic fervour

    Prime Minister Narendra Modi
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    Get the latest updates ???? from PM’s Office: news, speeches, public outreach, national events, official state visits, PM’s foreign visits, and much more...

    You can also connect with us on the official PMO website & other Social Media channels –
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    A success story of empowerment with help of NTPC’s CSR initiative.

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    #ArtificialIntelligence

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Daily Mirror

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    ► Whatsapp ????https://whatsapp.com/channel/0029Va8zDJJ7DAWqBIgZSi0K ????

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    ► Twitter ???? http://twitter.com/BJP4India

    ► Instagram ???? http://instagram.com/bjp4india

    ► Linkedin ???? https://www.linkedin.com/company/bharatiya-janata-party/

    ► Shorts Video ???? https://www.youtube.com/@bjp/shorts

    ► PM Shri Narendra Modi's programs ???? https://www.youtube.com/watch?v=NQ2mG9eabWg&list=PL8Z1OKiWzyBH3ImCOpXsYZk5C-6GeKnKS

    ► BJP National President Shri JP Nadda's program ???? https://www.youtube.com/watch?v=mc3d67Cg3yk&list=PL8Z1OKiWzyBHWdpDfhww7RwmfMYjZYC7y

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    ► Popular videos ???? https://www.youtube.com/watch?v=y6mKBvuyOTg&list=UULPrwE8kVqtIUVUzKui2WVpuQ

    ► Playlists BJP Press ???? https://www.youtube.com/watch?v=BUUxF2zZdHI&list=PL8Z1OKiWzyBGesYbBbDcV4MtX8UUpv9Xo

    #BJP #BJPLive

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  • GST Council Meeting: क्या सस्ता-क्या महंगा हुआ?,Nirmala Sitharaman ने कर दिया बड़ा एलान! | Modi Govt

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    #gst #gstcoucilmeeting #goodsandservicestax #taxation #topnews #nirmalasitharaman #financeminister

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    GST Council Meeting: क्या सस्ता-क्या महंगा हुआ?,Nirmala Sitharaman ने कर दिया बड़ा एलान! | Modi Govt

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    #ChandigarhGrenadeAttack #ChandigarhAttack #ChandigarhPolice #LatestNews #PunjabKesariTv


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    Chandigarh Grenade Attack: जोरदार विस्फोट, टूट गए कांच के शीशे, एक गिरफ्तार किसका हाथ?

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

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

    #DWGlobalIdeas #Drought #Maharashtra

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

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    Harsh Malhotra Exclusive Interview:65 साल में जो कांग्रेस नहीं कर पाई, Modi सरकार ने 10 साल में किया

    #LatestNews #PunjabKesariTv
    #NDAVsINDIA #PunjabKesariTv #LatestNews
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    Harsh Malhotra Exclusive Interview:65 साल में जो कांग्रेस नहीं कर पाई, Modi सरकार ने 10 साल में किया

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