PLI Scheme for Electronics Components to Launch by FY26: MeitY Secretary
India is set to introduce a Production-Linked Incentive (PLI) scheme for electronics components, with implementation expected in FY26, according to S Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY). Speaking at CNBC-TV18’s Budget Verdict townhall, Krishnan highlighted the immense growth potential of India’s power electronics sector and emphasized the need for sustained focus to harness this opportunity.
PLI Scheme for Electronics Components in the Pipeline
Launch Timeline: The government is actively working on finalizing the PLI scheme for electronics components, which will be rolled out in FY26.
Funding & Disbursement: Krishnan reassured stakeholders that financial backing for the scheme is well accounted for, with sufficient budget allocations in place. Payments will be made based on claims filed by companies, with efforts to expedite processing.
Mobile PLI’s Success as a Benchmark
The mobile phone PLI scheme has been the best-performing initiative, with disbursements meeting expectations, according to Krishnan. This success serves as a blueprint for upcoming PLI schemes, including the one for electronics components.
Impact on India’s Electronics Sector
The forthcoming PLI scheme is expected to boost domestic manufacturing, attract investments, and drive innovation in power electronics. With the government’s proactive approach, the electronics ecosystem in India is poised for substantial growth, paving the way for self-reliance and global competitiveness.
Source: CNBC TV18
