India’s manufacturing sector is going to become an engine for economic growth and a unique job creator in the country. The government has finalised the norms for Production Linked Incentive (PLI) scheme for the telecom and networking equipment and has started inviting applications for the second round of large-scale electronics manufacturing with focus on some electronic components like motherboards, semiconductor devices, among others.

The COVID-19 pandemic has permanently changed device usage patterns of employees and consumers as the remote work is turning into hybrid work, home education changing into digital education and interactive gaming moving to the cloud, both the types and number of devices people need, have and use will continue to rise. In 2021, the number of laptops and tablets in use will increase to 8.8% and 11.7%, respectively, while the number of desktop PCs in use is expected to decline from 522 million in use in 2020 to a forecasted 470 million in use in 2022.

The environment is now conducive for overseas component manufacturers to shift their facilities to India. As the nation’s telecom sector stands poised to transition from 4G to 5G soon, the PLI scheme offers the right impetus by aiming to create a vibrant telecom manufacturing ecosystem.

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MNC's finding PLI scheme lucrative for manufacturing in India.