InvestorQ : Can you throw some light on the Rs.50,000 crore incentive scheme that the government designed for electronics companies?
diksha shah made post

Can you throw some light on the Rs.50,000 crore incentive scheme that the government designed for electronics companies?

Answer
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vidhya Laxmi answered.
4 months ago


The Telecom and Electronics Minister, Ravi Shankar Prasad, announced 3 special incentive schemes for manufacture of electronics and mobiles. The total outlay is Rs.50,000 crore to be distributed across 3 specific schemes. Of the 3 schemes, the Production linked scheme will have the largest outlay of Rs.41,000 crore. This particular scheme is targeted at mobile phones and specified electronic components and proposes to leverage the best of global investments and local skills. The idea here is to take electronic manufacture to Rs.8 trillion and create 10 lakh jobs. It could be a good opportunity for an economic revival and also to boost exports.