Let’s see what the Electronic Industry Association of India (ELSINA), the electronics industry association, has said that it expects the government to promote the manufacturing sector called PLI, which is not a semiconductor sector.
PLI scheme for non semicondcutor sectors
I do plan to extend the non-semiconductor PLI program to other electronics sectors. The PLI program has been very successful in the semiconductor sector, and I believe that it can have a similar impact on other electronics sectors, such as,
Printed circuit boards (PCBs), PCBs are the foundation of all electronic devices. By extending the PLI program to PCBs, we can encourage investment in PCB manufacturing and assembly in India. This will help to reduce our dependence on imported PCBs and create jobs in the domestic electronics sector.
Displays, India is a major consumer of displays, but we import the vast majority of our displays from other countries. By extending the PLI program to displays, we can encourage investment in display manufacturing in India. This will help to reduce our import bill and create jobs in the domestic electronics sector.
Electronic components, India is a major consumer of electronic components, but we import the vast majority of our electronic components from other countries. By extending the PLI program to electronic components, we can encourage investment in electronic component manufacturing in India. This will help to reduce our import bill and create jobs in the domestic electronics sector.
I believe that extending the PLI program to other electronics sectors will help to boost domestic manufacturing, create jobs, and reduce our import bill. It will also help to make India a more competitive player in the global electronics market.
Here are some specific ways that extending the PLI program to other electronics sectors could benefit India.
Increased investment, The PLI program would provide financial incentives to companies to invest in manufacturing in India. This would lead to increased investment in the electronics sector, which would create jobs and boost the economy.
Reduced imports, Extending the PLI program to other electronics sectors would help to reduce India’s dependence on imported electronics products. This would save the country money and make the economy more resilient to external shocks.
Increased exports,The PLI program would help to make India a more competitive player in the global electronics market. This would lead to increased exports of Indian electronics products, which would boost the economy and create jobs.
Job creation, The PLI program would lead to the creation of new jobs in the electronics sector. This would help to reduce unemployment and improve the lives of millions of Indians.
I am confident that extending the PLI program to other electronics sectors would be a positive development for India. I urge the government to consider this proposal.