Component PLI will increase India’s strength and get new job opportunities

PLI plans: In the fiscal year 2025, smartphone exports crossed Rs 2 lakh crore, and the iPhone’s share of about 1.5 lakh crore. The Electronics Equipment Production Scheme (ECMS) has been announced at a cost of Rs 22,919 crore (ECMS), which is an important step for strengthening India as a global center for electronics production. According to Union Minister Ashwini Vaishnav, the announcement of the Electronics Component Production Program is in line with the decision of the Cabinet.

Electronic production

He said, “Our government is always open, consultants and covers. We remember everyone’s opinion before finalizing any law and policy.” In the last decade, the production of electronics increases five times more than six times more, exporting CAGR more than 20 percent and production is more than 17 per cent. Union Minister Vaishnav said, “In the short term, the Electronics Production Environmental Organization, including equipment manufacturers and various players, has more than 400 manufacturing units.

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Electronic production and visit to India

Speaking about the trends of the global industry, the Union Minister said that India’s visit to India’s electronic production has gone at different stages. It starts from the finished products and is now progressing to all government and now enters the important stage of deep component production. The region is constantly progressing in this third stage, which is the main achievement of the value version, self -help and environmental system.

Will benefit these areas

The Union Minister said that the project is an important initiative with benefits in many areas such as consumer electronics, medical equipment, automobiles, power electronics and power phases, which will strengthen the economy. This program is especially focused on passive electronic components, which will be supported under a new venture. On the contrary, the active components come within the boundaries of India semiconductor (ISM).

And They will also support them

The list of inactive components includes resistor, capacitor, connection, induction, skiPers, relay, switch, aslator, sensor, film, lens. This program will support the design and production of capital devices used in electronic production. Employment creation is a major requirement for all applicants, including component manufacturer and capital equipment manufacturers.

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