Representational picture.New Delhi: Electronics industry body ELCINA has requested the federal government to give you a manufacturing linked incentive scheme for non-semiconductor or pc chips sector which is dominated by imports, a senior official of the organisation stated. According to Electronic Industries Association of India (ELCINA) report, whole digital element market within the nation was estimated to be round USD 39 billion, of which 68 per cent requirement was met by means of imports in 2021-22. While talking at forty eighth ELCINA Award Ceremony, organisation’s new President Atul B Lall stated that the federal government’s scheme for gadgets has been vastly profitable and the inducement scheme for semiconductor sector is seeing numerous traction and a few investments have began flowing in. “Our humble submission and perseverance goes to be to do the identical for non-semiconductor element sector additionally. For which we request authorities’s intervention,” stated Lall, who’s Vice Chairman & Managing Director of Dixon Technologies. ELCINA is the oldest electronics industry body of the nation established in 1967. According to the industry body, cellphones, client electronics and industrial electronics account for the foremost demand (85 per cent) for digital elements in India. This is adopted by pc {hardware}. ELCINA stated that strategic electronics and lighting industry contribute to the stability of the market and industries like cellphones, industrial electronics (because of the introduction of electrical automobiles) and strategic electronics are anticipated to witness substantial development within the close to future. Lall stated that there’s a want for separate PLI scheme for non-semicondcutor elements attributable to massive variation available in the market for these elements. “We cannot deal with this sector with one-size-fits-all type of strategy. Each sector has totally different monetary market. It requires totally different remedy. We will likely be approaching authorities for its intervention,” Lall stated. He stated that the nation wants some flag bearers like Apple within the cell gadgets phase, and 40 years in the past starting of Maruti Suzuki led to auto-revolution in India. “Same within the non-semiconductor house additionally, we’d like some very massive investments,” Lall stated. The authorities has applied “the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors” (SPECS) to assist offset the incapacity for home manufacturing of digital elements and semiconductors in an effort to strengthen the electronics manufacturing ecosystem within the nation. After SPECS, the federal government individually introduced India Semicon Programme with incentives to the tune of Rs 76,000 crore to draw funding within the pc chip phase. Under India Semicon Programme, US-based pc reminiscence chip maker Micron has began constructing its meeting and check plant in Gujarat and two extra massive proposals are below pipeline.
Published On Oct 1, 2023 at 06:10 PM IST
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