The knowledge shared by the minister exhibits that the federal government has set a goal to realize manufacturing of Rs 8.12 lakh crore underneath the five-year scheme interval of the PLI Scheme for Large Scale Electronics Manufacturing (LSEM) to spice up cell phone manufacturing.
Rajeev Chandrasekhar in a written submission to the Lok Sabha shared that the cumulative funding goal for all the scheme interval is Rs 7,000 crore.
The cumulative funding underneath the production-linked incentive scheme to spice up cellular manufacturing has elevated to Rs 5,124 crore until December from the Rs 3,726 crore goal set earlier for the present fiscal, Parliament was knowledgeable on Wednesday.
Minister of State for Electronics and IT Rajeev Chandrasekhar in a written submission to the Lok Sabha shared that the cumulative funding goal for all the scheme interval is Rs 7,000 crore.
The knowledge shared by the minister exhibits that the federal government has set a goal to realize manufacturing of Rs 8.12 lakh crore underneath the five-year scheme interval of the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing (LSEM) to spice up cell phone manufacturing.
“Over the tenure of the PLI Scheme, the 16 permitted corporations are anticipated to result in a complete manufacturing of greater than Rs 8,12,550 crore. Out of the entire manufacturing of Rs 8,12,550 crore within the subsequent 5 years, round 60 per cent is anticipated to be contributed by exports of the order of Rs 4,87,530 crore,” Chandrasekhar mentioned.
The data shows that a 91 per cent cumulative production target of Rs 2,63,086 crore for the current fiscal have been achieved till December, and a 90 per cent export target amounting to Rs 1,03,539 crore has been accomplished as of December 2022.
The government has achieved 56 per cent of the cumulative job creation target under the scheme till December.
The companies have reported the creation of 52,509 jobs out of a cumulative target of 93,009 in the current fiscal under the scheme.
The government has set a target to create 2 lakh jobs during the entire scheme period.
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