Electronics companies may invest Rs 50,000 cr in capex in FY23: Icra

Companies eligible for the Production Linked Incentive (PLI) scheme – including semi-conductor manufacturers – are expected to invest around Rs 50,000 crore in capex this financial year (FY23), according to estimates from the rating and research agency ICRA.

The figure is based on the production commitments the companies have made and spans sectors that range from advanced chemistry batteries and automobiles to solar panels.

These investments will help to give a big push to incremental capex in manufacturing across sectors in the country.