PLI Scheme: Minister of State for Electronics and Information Technology Jitin Prasada told Parliament that 32 companies have committed to invest Rs 11,324 crore under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing, with a targeted production target of Rs 10,70,000 crore. The minister then informed that as of March 31, 2024, these companies had invested Rs 8,069 crore out of the committed amount, which increased to Rs 8,282 crore by June 30. Prasad provided a comprehensive update on the PLI schemes, highlighting key investments and production targets. Here are the key points: PLI Scheme for Large-Scale Electronics Manufacturing: 32 approved companies with a committed investment of Rs 11,324 crore and an anticipated production target of Rs 10,70,000 crore. PLI Scheme for IT Hardware: 14 approved companies with committed investment of Rs 2,517 crore and production target of Rs 1,60,751 crore. Under PLI Scheme 2.0, 27 companies were approved with committed investment of Rs 2,955 crore and production target of Rs 3,51,647 crore.
COVID-19 accommodation: The PLI scheme period for large-scale electronics manufacturing was extended by one year, allowing companies to meet their production targets within any five-year period till 2025-26. Prasad confirmed that the government has not made any changes to the production or investment criteria for these schemes after the selection. However, in response to the COVID-19 pandemic, the PLI scheme period for large-scale electronics manufacturing was extended by one year, allowing companies to choose any five-year period till 2025-26 to meet their targets. Additionally, it was informed that an investment of Rs 249.46 crore has been made for IT Hardware 2.0 till March 31. Prasad said that out of the cumulative investment of Rs 8,282 crore made under the PLI Scheme for Large Scale Electronics Manufacturing till June 30, 2024, Rs 3,136 crore has been made by greenfield companies and Rs 5,146 crore by brownfield companies. He said that out of the cumulative investment of Rs 464.66 crore made under the PLI Scheme for IT Hardware and PLI Scheme 2.0 for IT Hardware till June 30, 2024, the investment made by brownfield companies is Rs 386.09 crore and by greenfield companies is Rs 78.57 crore.
