PLI Scheme Draws Rs 6,887 Crore Investments For Electronics Manufacturing Till June 2023

New Delhi, Aug 12 (KNN) The production-linked incentive (PLI) scheme for large-scale electronics manufacturing has attracted investments of Rs 6, 887 crore till June 2023, according to the latest data shared by the Ministry of Electronics and Information Technology in Rajya Sabha.

The number has crossed the ministry’s target which had set a target of an investment of Rs 5,488 crore till the end of FY24.

As per reports, the sector has recorded production of over Rs 3.3 lakh crore and employment generation of around 62,000.

Due to the PLI scheme, the exports have been reported at Rs 1.56 lakh crore till June 23. The ministry has set a target to export items worth over Rs 2.63 lakh crore in FY24.

Launched in 2021, the output-linked programme covers 14 sectors such as telecommunication, white goods, textiles, and manufacturing of medical devices with an outlay of Rs 1.97 lakh crore.  (KNN Bureau)