India's Production Linked Incentive (PLI) scheme has revolutionized the electronics sector, generating over 1.33 million direct and indirect jobs in just five years through massive investments and local manufacturing push. This surge positions India as a global hub, with companies like Apple and Samsung scaling up production amid policy success.
PLI Scheme Impact
Launched in 2020, PLI targets 13 sectors including mobiles and IT hardware, attracting ₹1.97 lakh crore in investments by 2025. It boosted electronics exports to $15 billion annually, with mobile phone production hitting 35 crore units yearly.[conversation_history]
Job Creation Breakdown
- Direct Jobs: Over 300,000 in assembly lines and R&D at facilities like Foxconn and Dixon Technologies.
- Indirect Jobs: 1 million+ in supply chains, logistics, and components, especially in states like Tamil Nadu and Uttar Pradesh.
- Women Employment: 40% of new roles filled by women, enhancing skill development.
Driving Factors
Government incentives offering 4-6% payouts on incremental sales spurred $20 billion in capex. Success stories include iPhone assembly reaching 14% of global output, creating ripple effects in SMEs and exports rising 33% YoY.
Future Growth
Expect 2 million more jobs by 2030 as PLI 2.0 expands to semiconductors, solidifying India's $300 billion electronics dream.[conversation_history]