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India approves 22 projects under Electronics Component PLI scheme

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The government has approved 22 investment proposals under the Electronics Component Production-Linked Incentive (PLI) scheme.

The approvals are expected to result in investments of ₹41,863 crore and are likely to generate nearly 37,000 jobs. Output from the 22 approved projects is projected at ₹2.58 lakh crore.

So far, of the total investments cleared, more than half (almost ₹22,000 crore) has been aimed at the Apple ecosystem.

Among the 22 proposals cleared in the latest, third tranche of the Electronics Component PLI scheme are two projects…

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