The government intends to provide employment to its citizensacross all skill levels. The government also wants to promote the level of thecountry in high-end electronics manufacturing. Under the leadership of PrimeMinister Narendra Modi, the government also intends to challenge China as a centerof exports.
To help attain the goals of a self-reliant and prosperousIndia, Production-Linked Incentive (PLI) scheme has been introduced for electronicsmanufacturing. Under the scheme the government will give financial benefits ona percentage basis as per capital investments made in the manufacturingfacilities and also as per the number of units produced. The total incentive overthe course of five years is capped at Rs 40,951 crore.
16 proposals of which five are from internationalmanufacturers, and five are from Indian manufacturers have been approved. Theinternational companies include Samsung and Rising Star. Also, manufacturers ofApple and other Foxconn, Wistron, and Pegatron are the participants. Thesecompanies will be manufacturing mobile phones with a sale price of Rs 15,000 orhigher. The five Indian companies are Padget Electronics, Micromax, PadgetElectronics, Optiemus Electronics, and Lava. Some other companies are Sahasra,Neolync, Visicon, AT&T, Ascent Circuits, and Walsin.
From all these initiatives, the government looks forward toan investment of about Rs 11,000 crore as well as a production of about Rs 10.5trillion over the next five years. Also, direct employment to about 200,000 andindirect employment to about 600,000 individuals are being projected.
Indian companies participating in the mission are being encouragedto become globally competitive and scale up and make a name for their brand andnot come in and later fade out when the government’s initiative concludes afterfive years in 2025 by president of industry body Indian Cellular andElectronics Association, Pankaj Mohindroo.
Indian government seems to have played its cards well withthe means of financial incentive. The jobs created will help not only the peopleemployed earn livelihood but also the economy and the Indian nation.