Shakti DubeyAIR 1 · CSE 2024 · 249 wordsTheir whole copy
Opening · a date or context
Government of India launched the Production Linked Incentive scheme in 2021 with a total outlay of 2 lakh crore, with a targetted focus on 14 sunrise sectors.
Objectives of PLI :-
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(1) To boost the manufacturing sector in order to increase its contribution to 25% in GVA. (2) Increase labour intensive industries. (3) Create more jobs & increase employability of the workforce. (4) Promote the ideas of Atma-Nirbhar Bharat. (5) Increase the contribution of exports in the GDP. (6) Decrease reliance on imports.
Role of PLI in semiconductor industry :-
With advent of industrial revolution 4.0 - focus on semiconductor industry has become more crucial.
(1) To improve the growth of semiconductor industry the government has launched Design linked incentive scheme.
(2) The aim is incentivise innovation and entrepreneurship in semiconductors.
(3) Eligibility criteria →
- Incremental investments
- Incremental innovation, R&D
(4) Target is to decrease our reliance on imports for the raw materials for our electronic goods.
(5) Currently India is dependent on countries like Taiwan, China, etc for semiconductors.
(6) This have severe repercussions in case of supply chain disruption.
(7) This will help us ensuring self reliance.
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Recently the government of India has announced setting up of 4 new semiconductor plants in India (with 1 plant in northeast Assam) with help of foreign collaboration - This is a right step as it can help in boosting the semiconductor ecosystem and further help India in catching up with strategic rivals like China in this regard.