The Indian government is expected to approve projects under the production-linked incentive (PLI) scheme for electronics components manufacturing by August-September, with more than 100 applications received for manufacturing various electronics components.
The scheme aims to attract significant investments, generate employment, and focus on specific disabilities faced by Indian manufacturers in the electronics sector.
The Indian electronics market has shown growth, with initiatives like the PLI scheme encouraging domestic manufacturing and reducing reliance on imports.
States like Tamil Nadu, Gujarat, and Uttar Pradesh are also introducing policies to boost electronic manufacturing in their regions, further contributing to the growth of the sector.