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Mobile makers cumulatively invest Rs 8,282 cr under PLI scheme till June

Business Standard LogoBusiness Standard7h ago

Mobile makers cumulatively invest Rs 8,282 cr under PLI scheme till June - Business Standard

Quick Summary:

Minister of State for Electronics and IT Jitin Prasada in a written reply to Lok Sabha said that a total of 32 companies were approved with committed investment of Rs 11,324 crore and a projected production target of Rs 10.7 lakh crore under the PLI (Production Linked Incentive) scheme for Large Scale Electronics Manufacturing.

Mobile phone and specified components makers under the PLI scheme for large scale electronics manufacturing have cumulatively invested Rs 8,282 crore till June 2024, Parliament was informed on Wednesday.

He said that out of 32 companies approved under the scheme for large scale electronics manufacturing, seven are Greenfield companies and 25 are Brownfield companies.


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Category: BusinessFinance

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-07-24 @ 16:52:46 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21761379

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