New Delhi: Mobile phone and component manufacturers have invested a total of Rs 8,282 crore under the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing by June 2024, according to a report presented in Parliament on Wednesday.

Minister of State for Electronics and IT, Jitin Prasada, shared this update in a written response to the Lok Sabha. He revealed that 32 companies have been approved under the PLI scheme, committing to an investment of Rs 11,324 crore. These companies aim to achieve a projected production value of Rs 10.7 lakh crore.

Of the 32 approved companies, seven are new (Greenfield) ventures and 25 are expansions of existing companies (Brownfield). As of June 30, 2024, Greenfield companies have contributed Rs 3,136 crore, while Brownfield companies have invested Rs 5,146 crore.

The initial commitment by these companies was to invest Rs 9,653 crore by March 2024. In addition, 27 companies under the PLI Scheme 2.0 for IT Hardware have been approved, including six Greenfield and 21 Brownfield firms.

In the IT Hardware sector, a total investment of Rs 464.66 crore has been recorded under both the PLI Scheme and PLI Scheme 2.0. Brownfield companies contributed Rs 386.09 crore, while Greenfield companies invested Rs 78.57 crore.

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