Giving a major push to the domestic electronics industry, the Centre has decided to extend the tenure of the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing by one year till FY 2025-26.
The participating companies will get the option of choosing any five years for meeting their production targets under the scheme. Further, investments made in 2020-21 will continue to be covered.
The scheme provides an incentive of 6 percent to 4 percent on incremental sales of goods under target segments that are manufactured in India, for a period of five years.
The extension would be supportive to manufacturers as companies have been unable to achieve incremental sales conditions due to disruption in production activities due to pandemic-related lockdowns, restrictions on the movement of personnel, delay in installation of relocated plant and machinery, and disruption in the supply chain of components.