New Delhi, March 29 -- The Indian electronic components manufacturing industry welcomed the Union Cabinet's approval of a Rs 22,919 crore production-linked incentive (PLI) scheme, which is expected to attract Rs 59,350 crore in investments and create 91,600 direct jobs.

The scheme aims to strengthen India's electronics supply chain by promoting the local production of key components such as batteries, displays, camera modules, and printed circuit boards (PCBs), reducing reliance on imports.

HCL founder and EPIC Foundation chairman Ajai Chowdhry called it a "much-awaited" move. "This will enable greater value addition, just-in-time manufacturing, and encourage startups to design and manufacture products locally," he said.

According to t...