Dixon Technologies arm to receive Rs 53 cr under PLI scheme for electronics

  • Industry News
  • Sep 12,22
The Empowered Committee (EC) has approved the first disbursement of Rs 53.28 crore under PLI (Production Linked Incentive) Scheme for Large Scale Electronics Manufacturing to Padget Electronics Pvt Ltd - a 100% subsidiary of Dixon Technologies India Pvt Ltd
Dixon Technologies arm to receive Rs 53 cr under PLI scheme for electronics

New Delhi

Padget Electronics Pvt Ltd – the wholly-owned subsidiary of Dixon Technologies India Pvt Ltd - has become the first firm to receive disbursement amount under the PLI (Production Linked Incentive) Scheme for Large Scale Electronics Manufacturing from the Union Government of India. The Empowered Committee (EC) in its meeting on September 9, 2022, approved first disbursement of Rs 53.28 crore under PLI Scheme for Large Scale Electronics Manufacturing to Padget Electronics Pvt Ltd as recommended by Project Management Agency,  i.e. IFCI Ltd. 

The Ministry of Electronics and Information Technology (MEITY) is pursuing with other eligible applicants of the scheme for filing their disbursement claims for the year 2021-22. PLI Scheme for large scale electronics has emerged as the most successful scheme. As of June 2022, the scheme has led to total production of more than Rs 167,770 crore including exports of Rs 65,240 crore. PLI Scheme has also generated employment of 28,636. Over the last 3 years, exports of smart phones have grown by 139%.

“Production Linked Incentive (PLI) Schemes are a cornerstone of the Government’s push for accomplishing the vision of Atmanirbhar Bharat. The objective is to make domestic manufacturing globally competitive and to create domestic Champions in manufacturing. The strategy behind scheme is to offer financial incentive to boost electronics manufacturing and attract large scale investments,” said a PIB press release.

PLI Scheme for Large Scale Electronics Manufacturing was notified on April 1, 2020. This scheme extends an incentive of 4% to 6% on net incremental sale of manufactured goods covered under the ‘Target Segment’ including mobile phones and specified electronic components.

The total outlay under the Scheme is Rs 38,645 crore. Sixteen companies (five global companies under category Mobile Phone with invoice value Rs 15,000 and above), five domestic companies and six companies under Specified Electronic Components were approved under the scheme.

After the success of the first round of PLI Scheme, second round of the PLI Scheme with the target segment of Specified Electronic Components was opened until March 31, 2021, incentivising 5% to 3% on incremental sales to eligible companies, for a period of four (4) years. Sixteen companies were approved by the Competent Authority under the Second Round of PLI Scheme.

The tenure of the PLI Scheme has been extended by one year i.e. from 2024-25 to 2025-26. The notification in this regard was issued on September 23, 2021. Out of total 16 companies, 15 companies opted for extension.

It is expected that the electronics manufacturing will rise to $ 300 billion by 2025-26. Schemes like PLI will make India a competitive destination for electronics manufacturing and create more domestic champions apart from giving boost to Atmanirbhar Bharat.

Related Stories

Policy Regulation
India needs more domestic mobile phone manufacturers; ICEA chairman

India needs more domestic mobile phone manufacturers; ICEA chairman

Government policies have been instrumental in this growth, the unpredictability stemming from certain actions of enforcement agencies needs to be addressed.

Read more
Policy Regulation
Manufacturing expected to be a key driver of expansion in India; OPEC

Manufacturing expected to be a key driver of expansion in India; OPEC

Consumer confidence rose to 98.5 in March from 95.1 in January, driven partly by the on-going election cycle, expected to bolster spending, particularly in rural areas

Read more
Electrical & Electronics
Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing

Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing

Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.

Read more

Related Products

Servo Drives, Fully Digital

ELECTRICAL & ELECTRONIC EQUIPMENT

Bristol Industrial Electronics offers optimum quality, fully digital servo drives. 

Read more

Request a Quote

Fluorescent Pigments for Traffic Cone

ELECTRICAL & ELECTRONIC EQUIPMENT

Aron Universal Limited offers a wide range of fluorescent pigments for traffic cone.

Read more

Request a Quote

D C Choke

ELECTRICAL & ELECTRONIC EQUIPMENT

Miracle Electronic Devices Pvt Ltd offers a wide range of D C choke.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back