India PLI Scheme Online Registration / Application Form 2024: Central government has announced New Electronics Manufacturing Schemes to boost production in electronics sector in India as part of its Atmanirbhar Bharat Abhiyan. These 3 schemes are Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme and Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS). People can now fill India Electronics Manufacturing Schemes (PLI / SPECS / EMC 2.0) online application form as described below.
PLI Scheme for Telecom Equipment Manufacturers in India
IFCI Limited portal is meant for filling the application under Second Round of PLI Scheme for Large Scale Electronics Manufacturing. This PLI scheme offers a production linked incentive to boost domestic manufacturing. PLI scheme will attract large investments in mobile phone manufacturing and specified electronic components. This includes Assembly, Testing, Marking and Packaging (ATMP) units.
India PLI Scheme Online Registration / Application Form 2024
The Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing is open for applications. Telecom Manufacturing Companies in India can apply by filling India PLI Scheme Online Registration / Application Form and submitting their application through the new PLI portal which can be accessed using the link below:-
STEP 1: To apply online for PLI Scheme in India, firstly visit the official link at https://pli.ifciltd.com/
STEP 2: At the homepage, click at the “Register” button or directly click https://pli.ifciltd.com/register
STEP 3: The Production Linked Incentive (PLI) Scheme online registration form for large scale electronics manufacturing will appear as shown below:-
STEP 4: Here applicants can enter organization details (Name of organisation, PAN, CIN, GSTN, address), authorized person details and click at the “Register” button to complete apply online process.
STEP 5: For PLI Scheme guidelines, notification, presentation and other details, click the link https://meity.gov.in/esdm/pli
Incentive in PLI Scheme for Telecom Manufacturing Companies in India
Production Linked Incentive Scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of 5 years subsequent to the base year as defined.
Implementation of Production Linked Incentive (PLI) Scheme for Telecom Sector
Project Management Agency (PMA) will be the Nodal Agency to implement PLI Scheme. This scheme amounts to Rs. 40,995 crores for increasing their production capacity in the country. Support under the PLI Scheme shall be provided for a period of five years subsequent to the base year and the incentives will be applicable starting 1 August 2020.
India Govt. Schemes to Boost Electronics Manufacturing in India
The new schemes of Modi government for Electronics Manufacturing Sector aims to invite global tech companies to set up roots and make products in India. Moreover, these 3 schemes will help the local tech companies to grow and incentives would be provided for the milestones that these electronics industries achieve. With these schemes, India wants to become second largest electronics manufacturing hub in Asia. Ministry of Electronics and IT (MietY) had notified these schemes on 1 April 2020 which have a total outlay of Rs. 50,000 crore.
Union Minister Ravi Shankar Prasad on 2 June 2020 unveiled the guidelines for electronics manufacturing schemes with an aim to strengthen domestic manufacturing of five global and five Indian mobile phone makers. Now check the complete apply online process as well as details of the 3 new schemes to boost electronics manufacturing in India. We will discuss the remaining 2 schemes namely SPECS, EMC 2.0 in a serial wise manner and describe their online application process.
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
SPECS scheme will provide financial incentive of 25% amounting to Rs. 3,285 crore on capital expenditure for the identified list of electronic goods. These includes downstream value chain of electronic products i.e., electronic components, semiconductor/ display fabrication units, ATMP units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods as all of these involve high value added manufacturing. The capital expenditure will be total of expenditure in plant, machinery, equipment, associated utilities and technology, including for Research & Development (R&D).
SPECS Scheme Online Application Form
SPECS Scheme online application can be made by any entity registered in India. SPECS scheme will be applicable to investments in new units and expansion of capacity/ modernization and diversification of existing units. For this, applicants needs to fill SPECS online application form using the link:-
- https://specs.ifciltd.com/
- Upon clicking this link, click at the “Register” button.
- The SPECS Scheme online application form will appear as shown below:-
Project Management Agency (PMA) will be the nodal agency to implement Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors. PMA will be responsible for providing secretarial, managerial and implementation support and carrying out other responsibilities as assigned by MeitY from time to time.
SPECS Scheme is open for applications initially for 3 years from the date of its notification. Incentives under SPECS Scheme will be applicable from the date of acknowledgment of the application. The incentives will be available for investment made within 5 years from the date of acknowledgement of application. The central government has set a minimum threshold between Rs. 5 crore to Rs. 1,000 crore for the companies under SPECS scheme.
Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme
Modified EMC 2.0 scheme gives an incentive of 50% of the project cost which amounts to Rs. 3,762 crores to the companies. With this scheme, the government aims to lure big companies along with their ancillaries to set up base in India. In addition to the incentive, the central government will give minimum land area of 200 acres (100 acres for North East and hill states) for large manufacturing clusters. EMC 2.0 Scheme will fortify the linkage between domestic and international market by strengthening supply chain responsiveness, consolidation of suppliers, decreased time-to-market, lower logistics costs among others.
How to Apply Online for Modified EMC 2.0 Scheme
Modified EMC 2.0 Scheme will provide financial assistance for setting up of both EMC projects and Common Facility Centres (CFCs) across the country. The Scheme is open for receipt of applications for a period of 3 years from the date of notification. Further period of 5 years is available for disbursement of funds to the approved projects. To apply online for Modified EMC 2.0 Scheme, click the link:-
- https://emc2.stpi.in/
- At homepage, click at the “Login” button.
- In the newly opened login window, click at the “New User” button to open the Modified EMC 2.0 apply online form:-
An application shall be made by Project Implementing Agency (PIA) which can be State Government or State Implementing Agency (SIA) or Central Public Sector Unit (CPSU) or State Public Sector Unit (SPSU) or Industrial Corridor Development Corporation (ICDC) such as DMICDC among others. All the applications received under the EMC 2.0 Scheme through Project Management Agency (PMA) will be considered by Project Review Committee (PRC) for giving its recommendations to the PMA for according approval/ rejection of the projects.
Objectives of 3 India Electronics Manufacturing Schemes
With these 3 schemes namely PLI, SPECS and Modified EMC 2.0, the central govt. aims to achieve 5 objectives:-
A) Expansion of manufacturing base on the lines of Korea, China and Taiwan.
B) Developing a trusted value chain.
C) 20%-30% higher value addition.
D) Increase foreign exchange savings.
E) Generation of upto 10 lakh jobs in India.
The respective portals of 3 India Electronics Manufacturing Scheme to receive applications have been made live by the IFCI which is a public-sector NBFC. As per the data from MeitY, production of mobile handsets in 2018-19 has reached 29 crore units worth Rs. 1.70 Lakh crore from just 6 crore units worth Rs. 19,000 crore in 2014. While the exports of electronics has increased from Rs. 38,263 crore in 2014-15 to Rs. 61,908 crore in 2018-19.
India’s share in global electronics production has reached 3% in 2018 from from just 1.3% in 2012. The schemes are expected to increase production of mobile phones and their parts to around Rs.10,00,000 crore by 2025 and generate around 5 lakh direct and 15 lakh indirect jobs.