For the second round of production linked incentive (PLI) scheme for large scale electronics manufacturing, the Ministry of Electronics and Information Technology (MEITY) has invited applications
Bengaluru: For the second round of production linked incentive (PLI) scheme for large scale electronics manufacturing, the Ministry of Electronics and Information Technology (MEITY) has invited applications.
As regards the tenure of the second round of PLI scheme, it is four years and the incentive shall be applicable from April 1, 2021.
A note on the supplementary guidelines:
A total of 30 eligible applicants having the highest consolidated global manufacturing revenue in the target segment in the base year shall be selected and granted approval under the scheme.
It might be recalled that the first round of the PLI scheme attracted global tech and electronics majors including Apple's contract manufacturers Foxconn, Wistron and Pegatron, along with Samsung and local players like Lava, Dixon and others.
Companies approved under the first round of the scheme will not be allowed to apply under the second round of PLI scheme, revealed the guidelines.
However, group companies having minority or non-controlling interest in applicant companies approved under round 1 shall not be restricted from applying under round 2.
Swarajya mag added that the ministry has identified discrete semiconductor devices including transistors, diodes, passive components including resistors, capacitors, printed circuit board, assembly, ATMP (assembly, testing, marketing and packaging) units among others as target segment for the second round of PLI.
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Last Updated Mar 15, 2021, 12:39 PM IST