Global Economy

Need two more PLIs for wearables and components: MAIT

New Delhi: The Manufacturers’ Association of Information Technology (MAIT), a key electronics hardware association, has urged the government to roll out two more production-linked incentive (PLI) schemes covering electronics components and wearables manufacturing.

It has also called for tariff reforms and addressing visa issues of Chinese nationals ahead of the formation of the new government, post-elections.

MAIT, which represents major electronics companies such as Dixon Technologies, Dell, HP, Google amongst others, said the industry would review existing PLI schemes over the next two months to examine how they have fared vs policy objectives.

The industry will also undertake a detailed study on the disabilities in India as compared to competing manufacturing destinations in the next six months, MAIT added.

“These schemes (PLI for components and wearables) will help in developing manufacturing competency and encourage domestic champions in segments such as components and sub-assemblies to enable exports, large scale capacity for production, attract opportunities for new investments and provide an impetus to domestic value addition,” MAIT said.

For the component PLI in particular, the industry body said the government could look at making one PLI for electronics, rather than splitting it across sectors to build electronics.


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