Categories: Economy

Centre kicks off round 2 of PLI for large scale electronics manufacturing

<p>
The Ministry of Electronics and Information Technology (MEITY) has invited applications for the second round of production linked incentive (PLI) scheme for large scale electronics manufacturing.</p>
<p>
A recent office memorandum said the second round of PLI scheme is open for accepting applications and the last date of receiving application is March 31.</p>
<p>
The tenure of the second round of PLI scheme is for four years and the incentive shall be applicable from April 1, 2021, it said.</p>
<p>
As per the supplementary guidelines for the second round of the PLI, a total of 30 eligible applicants having the highest consolidated global manufacturing revenue in the target segment in the base year shall be selected and granted approval under the scheme.</p>
<p>
The first round of the PLI scheme attracted global tech and electronics majors including Apple's contract manufacturers Foxconn, Wistron and Pegatron, along with Samsung and local players like Lava, Dixon and others.</p>
<p>
Companies approved under the first round of the scheme will not be allowed to apply under the second round of PLI scheme, said the guidelines.</p>
<p>
However, group companies having minority or non-controlling interest in applicant companies approved under round 1 shall not be restricted from applying under round 2.</p>
<p>
The ministry has identified discrete semiconductor devices including transistors, diodes, passive components including resistors, capacitors, printed circuit board, assembly, ATMP (assembly, testing, marketing and packaging) units among others as target segment for the second round of PLI.</p>
<p>
 </p>
<p>
 </p>

IANS

Recent Posts

J-K Police arrests terrorists, their associates behind Srinagar grenade attack

Jammu and Kashmir Police have arrested terrorists and their associates in connection with the grenade…

12 hours ago

EAM Jaishankar meets Singaporean PM Wong, talks on advancing technology and industrial partnership

External Affairs Minister S Jaishankar on his visit to Singapore met Prime Minister Lawrence Wong…

14 hours ago

Google Photos launches new “updates” page to track activity in shared albums

Google Photos is rolling out a new feature aimed at enhancing how users track and…

16 hours ago

At Bishkek summit, East Turkistan Govt in Exile Slams Turkic States for Silence on China’s Genocide

The East Turkistan Government in Exile (ETGE) issued a strong condemnation of the Organization of…

16 hours ago

ASEAN Centrality our guiding principle in Indo-Pacific: EAM Jaishankar in Singapore

Highlighting the ongoing transition in the world, External Affairs Minister S Jaishankar, stressed the need…

16 hours ago

Jaishankar meets Singapore Foreign Minister, discusses regional, global developments

On the second leg of his two-state visit, External Affairs Minister S Jaishankar who landed…

17 hours ago