Tamil Nadu on Friday welcomed the brand new electronics components manufacturing PLI scheme launched by the Centre as State Industries Minister TRB Rajaa hailed as a ‘great news’ for the State’s electronics trade.
“The PLI scheme is a robust endorsement of Tamil Nadu’s ongoing technique to maneuver up the electronics worth chain by shifting into components manufacturing, a mission we’ve got been pursuing diligently for the final couple of years,” the minister mentioned in a social media publish. “The Union Authorities’s initiative additional strengthens our strategy and gives the much-needed enhance for the sector,” he added.
Tamil Nadu’s current electronics ecosystem and wealthy expertise pool have already made the electronics PLI one of the vital profitable PLI schemes within the nation, and we’re assured that this components PLI may even work, he added.
Tamil Nadu, which has over 15 main electronics producers, is India’s largest exporter of electronics items with over $13 billion in exports in FY25 (until Feb). Presence of Foxconn and corporations like Tata Electronics and Pegatron beginning their manufacturing within the final couple of years has helped Tamil Nadu to realize such a efficiency.
‘A commendable step’
Josh Foulger, President (Electronics), Zetwerk, a Bengaluru-based contract manufacturing firm, mentioned this is a commendable step in direction of strengthening India’s electronics manufacturing ecosystem and driving self-reliance.
“At Zetwerk, we’re excited to be a part of the ESDM 2.0 journey — a half-a-trillion-dollar alternative. We’re actively partaking with companions and are open to collaborations to construct a robust part ecosystem in India. With this forward-looking coverage, we’re assured that it’ll speed up the expansion of high-value electronics, improve worth addition, and create alternatives for innovation and employment,” mentioned Foulger.
What’s significantly encouraging is the concentrate on growing native worth addition. Strengthening home capabilities won’t solely improve India’s competitiveness but additionally guarantee a extra resilient provide chain. It’s a optimistic step that may drive long-term progress and assist India’s imaginative and prescient of changing into a worldwide manufacturing powerhouse, he added.
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