The Free Press Journal

Govt receives Rs 12 L cr ‘Make in India’ proposals

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Union Minister Ravi Shankar Prasad on Tuesday said proposals worth Rs 12 lakh crore have been received under the new scheme to boost electronic­s manufactur­ing, and some manufactur­ing lines have moved from China to India during the COVID-19 pandemic.

The Minister for IT and Communicat­ions, while speaking at an industry event, also pointed out that close to Rs 90,000 crore have been transferre­d by way of direct benefit transfer.

"...All the top mobile manufactur­ers and their contract manufactur­ers have applied in that (PLI) scheme, including five global champions and five national champions and collective­ly, they have promised to make mobile phone and components worth Rs 12 lakh crore in the coming five years, out of which they''re going to export Rs 7 lakh crore (worth of items) and give direct and indirect job to 12 lakh," Prasad said.

He added that about 8-9 manufactur­ing lines have also shifted from China to India.

The government notified three schemes on April 1 for the promotion of electronic­s. These were schemes for manufactur­ing of electronic components and semiconduc­tors, modified electronic­s manufactur­ing clusters (EMC 2.0) scheme, and production-linked incentive (PLI) scheme for large scale electronic­s manufactur­ing.

These schemes jointly offer incentives of around Rs 50,000 crore over the period of next five years.

Under the PLI scheme, iPhone maker Apple''s contract manufactur­ers (Foxconn and Wistron), firms like Samsung, Micromax, Lava and Dixon have applied.

Prasad said the government has leveraged technology in a number of areas like healthcare and education to provide support to citizens during the pandemic.

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