NITI Aayog Approval of beneficiaries under PLI Scheme

• The Empowered Committee headed by NITI Aayog CEO Parameswaran Iyer recently approved the first distribution of incentives for mobile manufacturing.

• This production-linked incentive scheme will give India a competitive position in the field of electronics manufacturing.

• The plan includes manufacturing of mobile phones and manufacturing of specialized electronic components.

• This initiative will also promote the vision of a self-reliant India. Under this, 10 companies will be given the benefit of the scheme for mobile manufacturing. 

• This includes five domestic and five foreign companies.

• Under this initiative, a domestic company, Paget Electronics Pvt Ltd, is the first beneficiary company to receive incentives under mobile manufacturing.

• This is the first time that a mobile manufacturing unit has been selected under the PLI scheme.