MeiTY Secy happy with response to PLI 2.0 scheme, says ‘all major players registered’
PLI 2.0 scheme that was tweaked for semiconductor making in June this year. His remarks came while addressing the ICEA report launch here. Speaking at the event today, the MeiTY Secretary said, “I am happy with the response to the scheme.
We have also received responses from global and domestic players. PLI 2.0 scheme for IT hardware gets 58 registrations, all major players have registered." “The process of examining the applications will begin after the deadline. There would be no extension to the last date of 30th August," Sharma added.
According to a government notification released on June 10, the approval for establishing the compound semiconductors and display fabs assembly and test units, under the Ministry of Electronics and IT (MeITY)'s production-linked incentive (PLI) scheme, was issued by the Cabinet. Earlier, the MeITY Secretary was responsible for granting approvals for applications valued up to ₹100 crore, while those exceeding this threshold were evaluated by the Union Minister for Electronics and IT. The amendments moved via the latest MeITY notification have removed the above categorization, and make the Union Cabinet the sole authority to grant approval for applications under the PLI scheme, said the reports.
The PLI scheme - 'Modified Programme for Semiconductors and Display Fab Ecosystem' - was announced in December 2021 with a total outlay of ₹76,000 crore. It was changed in September last year to attract global investors with more incentive support. The PLI scheme announced in December 2021 had offered varying degrees of fiscal support to different categories for the development of semiconductors and display manufacturing ecosystems in India.
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