Manufacturing & PLI

TODO: confirm cumulative PLI production/sales figures from Ministry of Commerce. PLI (Production Linked Incentive) launched for 14 sectors in 2020-21. Mobile phone exports have been a notable success — Apple's India production is a cited example.

India had zero domestic semiconductor manufacturing before this programme. The ₹76,000 crore Semicon India incentive package (announced Dec 2021) offers up to 50% fiscal support for greenfield fabs. Approved units as of June 2024: (1) Micron Technology ATMP — Sanand, Gujarat (₹22,516 cr, joint venture); (2) Tata Electronics FAB — Dholera, Gujarat (₹91,000 cr, with PSMC Taiwan); (3) Tata Semiconductor Assembly & Test (TSAT) ATMP — Morigaon, Assam; (4) CG Power ATMP — Sanand, Gujarat (with Renesas Japan, Stars Microelectronics); (5) Kaynes Semicon ATMP — Sanand, Gujarat. Combined investment pledged: ~$15 billion+. First chips expected from Micron's Gujarat plant in 2025.