Government Launches Rs 50,000 Crore Plan To Boost Electronics Manufacturing!!
Government launched Rs 50,000 crore plan on Tuesday to boost electronics manufacturing in the country, saying it would be start by offering 5-global smartphone makers incentives to establish or expand domestic production in India. The government is offering a Production-Linked Incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over five years, with 2019-2020 as the base year, Union Minister Ravi Shankar Prasad told in a news conference. Names of the top five companies, which would have to meet investment and sales thresholds to be…