This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. ![]() The objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing. The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for 14 sectors, including automobiles and auto components, white goods, pharma, textiles, advance chemistry cell and speciality steel. The Aayog claimed that the scheme is expected to bring in additional production to the tune of Rs 10,69,432 crore and generate employment for 7,00,000 people. The PLI scheme on large-scale electronic manufacturing, which includes manufacturing of mobile phones and specified electronic components, was approved in March 2020, with a total outlay of Rs 38,645 crores. This PLI scheme has also generated employment for 28,636 people and the applications for incentives by the other beneficiaries will also be considered for approval soon, it added. Padget Electronics is a 100 per cent subsidiary of Dixon Technologies and has manufacturing facilities in Noida, Uttar Pradesh.Īccording to the statement, for the quarter ending June 2022, the applicants under this PLI scheme had undertaken sales of Rs 1,67,770 crore, including export of Rs 65,240 crore. The incentive for Padget Electronics is based on its incremental investment and sales figures for FY 2021-22. ![]() "Thirty-two beneficiaries had been approved under the PLI scheme for Large-Scale Electronics Manufacturing, of which 10 (5 global and 5 domestic companies) were approved for mobile manufacturing," the statement said.
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