Intel planning semiconductor manufacturing unit in India as govt rolls out India has added nearly 40 unicorns in last 50 weeks in the Startup world Cabinet approves Rs 76,cr PLI scheme for semiconductor In India, smartphone shipments reached million units and 5G smartphone shipments crossed 4 million in , driven by high consumer demand post-lockdown.
Xiaomi led the Indian smartphones market with In Q3 from July to September , the smartphone shipments from India are expected to reach 52 million. Electronics system market is expected to witness 2. Electronics design segment, growing at In September , tech giant Lenovo announced plans to ramp up manufacturing capabilities in India across various product categories, such as PCs, notebooks and smartphones, due to rising consumer demand. However, details of the investment were not disclosed.
In September , PG Electroplast, a contract manufacturer of electronic goods, announced that it had applied for a PLI scheme and pledged to invest Rs. SPECS shall be open for receiving applications for a period of 3 three years from the date of notification.
Since the scheme was notified on No application received after three years from the date of notification of the Scheme shall be considered for approval. Capital expenditure made on or after the date of acknowledgement of an application and within 5 years of date of acknowledgement of such application shall only be considered for determining eligible capital expenditure under the Scheme.
Capital expenditure made before the date of acknowledgement of application under the Scheme shall not be considered for calculation of eligible capital expenditure under the Scheme. However, Capital expenditure made before the date of acknowledgement of application, but on or after the date of application, on the approved list of capital items, shall be considered for calculation of threshold. There is no restriction on any applicant from making multiple applications under the Scheme.
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