Govt Plans $4 Bn DLI Scheme To Boost India’s Electronics Sector: Report
The Centre is reportedly preparing to roll out a new design-linked incentive (DLI) scheme worth up to $4 Bn to bolster India’s electronics design ecosystem. As per a Reuters report, the scheme will target companies working across 30 semiconductor and 30 electronics product categories. Besides, these companies will also receive incentives based on their capital investments (capex) and turnover. Some of the key product categories being considered under the scheme include modems, WiFi chips, near-field communication (NFC) chips, geolocation chips, 5G radio frequency receivers, power electronics for electric vehicles (EVs), home gateway and security systems, inverters, smart meters, and industrial control systems. The broader objective of the scheme is to boost domestic value addition (DVA) in the semiconductor and electronics manufacturing sectors to as much as 60%. At present, India remains highly dependent on imports in these areas. (The story will be updated soon) The post Govt Plans $4 Bn DLI Scheme To Boost India’s Electronics Sector: Report appeared first on Inc42 Media.
The Centre is reportedly preparing to roll out a new design-linked incentive (DLI) scheme worth up to $4 Bn to bolster India’s electronics design ecosystem.
As per a Reuters report, the scheme will target companies working across 30 semiconductor and 30 electronics product categories.
Besides, these companies will also receive incentives based on their capital investments (capex) and turnover.
Some of the key product categories being considered under the scheme include modems, WiFi chips, near-field communication (NFC) chips, geolocation chips, 5G radio frequency receivers, power electronics for electric vehicles (EVs), home gateway and security systems, inverters, smart meters, and industrial control systems.
The broader objective of the scheme is to boost domestic value addition (DVA) in the semiconductor and electronics manufacturing sectors to as much as 60%. At present, India remains highly dependent on imports in these areas.
(The story will be updated soon)
The post Govt Plans $4 Bn DLI Scheme To Boost India’s Electronics Sector: Report appeared first on Inc42 Media.
