Mobile, component makers cumulatively invest Rs 8,282 crore under PLI scheme till June
PLI scheme for large scale electronics manufacturing have cumulatively invested Rs 8,282 crore till June 2024, Parliament was informed on Wednesday. Minister of State for Electronics and IT Jitin Prasada in a written reply to Lok Sabha said that a total of 32 companies were approved with committed investment of Rs 11,324 crore and a projected production target of Rs 10.7 lakh crore under the PLI (Production Linked Incentive) scheme for Large Scale Electronics Manufacturing.
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He said that out of 32 companies approved under the scheme for large scale electronics manufacturing, seven are Greenfield companies and 25 are Brownfield companies.
«Of the cumulative investment of INR 8,282 crore made under the scheme till June 30, 2024, the cumulative investment made by Greenfield companies is Rs 3,136 crore and the cumulative investment made by Brownfield companies is Rs 5,146 crore,» Prasada said.
The companies under the scheme had made a commitment to invest Rs 9,653 crore up to March 2024.
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Prasada said 27 companies approved under the PLI Scheme 2.0 for IT Hardware comprise six Greenfield firms
