Tuesday, August 11, 2020
News

'Samsung, Foxconn, Pegatron apply for PLI electronics manufacturing scheme'

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Saturday, 2020 9:45:06 PM IST
Global mobile manufacturing giants Samsung, Foxconn and iPhone maker Pegatron have applied for the Centre's production-linked manufacturing scheme for electronics in the country, Union IT Minister Ravishankar Prasad said on Saturday.

According to the Minister, India's electronic production has increased by 23 per cent.

Similarly, mobile phone manufacturing has also increased, he said.

Consequently, India now makes 33 crore mobile units yearly, according to the Minister.

He cited companies such as Samsung, Foxconn Honhai, Rising Star, Vistron, Pegatron, Lava, Dixon, Micromax, Sojo, Optmis have applied to avail the benefits under the scheme.

The Minister was speaking at a press conference on the PLI scheme here on Saturday.

He said that Centre is giving a 5 per cent incentive to both 'global and Indian companies'.

In all, the Centre has received 22 applications.

Besides, the Minister informed that companies have informed the government that they plan to produce mobile and components worth Rs 11.5 lakh crore in the next five years

Furthermore, he said that products worth Rs 7 lakh crore will be exported.

On the employment generation potential of the scheme, the Minister said that three lakh direct jobs and nine lakh indirect jobs are expected to be created.

--IANS rrb-rv/ksk/

( 214 Words)

2020-08-01-15:38:07 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
SpiceJet installs on-board Wi-Fi enabled...
Equity indices trim gains, healthcare st...
Net outflows from equity MFs at Rs 2,480...
Lufthansa to reinstate inbound passenger...
ICICI Bank launches QIP with floor price...
AI Express crash: Agency hired to recove...
More...
 
INDIA WORLD ASIA
Harsh Vardhan addresses webinar on creat...
Compromise solution: Milind Deora recall...
Degrees won't be recognised if no exams ...
Defence infra of PSUs, OFB to be moderni...
Money-makers up for sale, Centre follows...
Reinsurer approves Air India Express' hu...
More...    
 
 Top Stories
Centre may allow cooperative banks ... 
Inclined to hold G7 post elections,... 
Govt constructs auditorium for peop... 
Global COVID-19 count surpasses 20 ... 
Telangana: Seven burglars of two di... 
Police arrest 100 people during ove... 
Jagan Reddy's policies causing 'all... 
Delhi: Medical student jumps from A...