Mobile phone and component manufacturers have invested a cumulative ₹8,282 crore under the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing by June 2024. Minister of State for Electronics and IT, Jitin Prasada disclosed this information in a written reply to the Lok Sabha.
A total of 32 companies have been approved under the PLI scheme, with a committed investment of ₹11,324 crore and a projected production target of ₹10.7 lakh crore. The scheme includes seven Greenfield companies and 25 Brownfield companies.
“Of the cumulative investment of ₹8,282 crore made under the scheme till June 30, 2024, ₹3,136 crore has been invested by Greenfield companies and ₹5,146 crore by Brownfield companies,” Prasada stated.
The companies under the scheme had committed to investing ₹9,653 crore up to March 2024. Additionally, 27 companies were approved under the PLI Scheme 2.0 for IT Hardware, comprising six Greenfield and 21 Brownfield firms.
Prasada further noted that under the PLI Scheme for IT Hardware and PLI Scheme 2.0 for IT Hardware, a cumulative investment of ₹464.66 crore was made till June 30, 2024. Of this, ₹386.09 crore was invested by Brownfield companies and ₹78.57 crore by Greenfield companies.
