Electronics schemes will attract more global players: Industry

The government’s electronics manufacturing schemes announced on Tuesday will attract more global players in the long run and meet the targets under the National Policy on Electronics (NPE) 2019, said various industry bodies.

The government introduced three schemes — Production Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme — with an outlay benefit of ₹50,000 crore to the manufacturers.

“The mobile manufacturing industry is very positive about the move and this scheme will help meet the targets under NPE 2019. This will certainly lead to companies moving their supply chains to India.