Electronics industry body ELCINA has requested the federal government to give you a manufacturing linked incentive (PLI) scheme for non-semiconductor or pc chips sector, which is dominated by imports, a senior official of the organisation mentioned.According to Electronic Industries Association of India (ELCINA) report, complete digital part market within the nation was estimated to be round $39 billion, of which 68% 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 mentioned that the federal government’s scheme for units has been massively profitable and the inducement scheme for semiconductor sector is seeing quite a lot of traction and a few investments have began flowing in.”Our humble submission and perseverance goes to be to do the identical for non-semiconductor part sector additionally. For which we request authorities’s intervention,” mentioned Lall, who’s the Vice Chairman & Managing Director of Dixon Technologies.ELCINA, one of many oldest electronics industry body within the nation, was established in 1967.According to the industry body, cellphones, shopper electronics and industrial electronics account for the main demand (85%) for digital elements in India. This is adopted by pc {hardware}.ELCINA mentioned that strategic electronics and lighting industry contribute to the steadiness of the market and industries like cellphones, industrial electronics (as a result of creation of electrical automobiles) and strategic electronics are anticipated to witness substantial development within the close to future.Lall mentioned there’s a want for separate PLI scheme for non-semicondcutor elements resulting from massive variation available in the market for these elements.”We cannot deal with this sector with one-size-fits-all type of method. Each sector has totally different monetary market. It requires totally different remedy. We will probably be approaching authorities for its intervention,” Lall mentioned.He mentioned that the nation wants some flag bearers like Apple within the cell units section, and 40 years in the past starting of Maruti Suzuki led to auto-revolution in India.”Same within the non-semiconductor area additionally, we want some very massive investments,” Lall mentioned.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 as a way 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 section.Under India Semicon Programme, US-based pc reminiscence chip maker Micron has began constructing its meeting and take a look at plant in Gujarat and two extra massive proposals are beneath pipeline.
https://yourstory.com/2023/10/electronics-industry-body-seeks-pli-scheme-semiconductor
Electronics industry body seeks PLI scheme for non-semicondcutor sectors
