Back to Career News

India launched plan to boost electronic manufacturing

June 03, 2020

India launched plan to boost electronic manufacturing

India propelled Rs 50,000 crore ($6.65 billion) plan to help hardware fabricating, saying it would begin by offering five worldwide mobile phone creators incentives to set up or grow residential creation.

Technology Minister Ravi Shankar Prasad told a news gathering, “The administration is offering a production linked incentive (PLI) including money worth 4% to 6% of extra deals of merchandise made locally more than five years, with 2019-2020 as the base year”.

Names of the five organizations, which would need to meet speculation and deals limits to be qualified, were relied upon to be declared in the following two months, service authorities said.

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp