Semicon India and PLI Schemes Drive Investment and Job Creation Ahead of Union Budget 2025-26

Events & Jobs Events

Posted by NewAdmin on 2025-04-10 07:56:26 |

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In the lead-up to the Union Budget 2025-26, scheduled for presentation on February 1, the Union Finance Ministry has showcased the achievements of key government initiatives aimed at boosting investment and employment. Central to this progress are the Semicon India program and the Production-Linked Incentive (PLI) scheme for electronic goods manufacturing.

The Ministry highlighted that the Semicon India Program, launched on December 15, 2021, is playing a pivotal role in establishing India as a global hub for semiconductor and display manufacturing. The program offers attractive incentives to companies engaged in semiconductor packaging and design, aiming to strengthen the domestic electronics ecosystem.

So far, five semiconductor fabrication projects and support for 16 semiconductor design firms have been approved under the scheme. These initiatives are expected to draw in a cumulative investment of ₹1.52 lakh crore. In terms of employment, the projects are projected to create around 25,000 direct high-tech jobs and an additional 60,000 indirect jobs, significantly expanding India's skilled technology workforce.

The government also underscored the broader success of the PLI scheme for electronics manufacturing, which has led to production worth ₹6.14 lakh crore and exports valued at ₹3.12 lakh crore. As a result, the sector has generated over 1.28 lakh direct jobs, further reinforcing India’s position as a global electronics manufacturing powerhouse.

The Ministry additionally emphasized the strategic importance of emerging technologies under the Convergence, Communications, and Broadband Technologies (CC&BT) umbrella, noting their key role in realizing the vision of a Viksit Bharat (Developed India) in the near future.

With strong policy backing and robust investment inflows, India’s trajectory in the electronics and semiconductor sectors continues to accelerate. The country is not only enhancing its role in the global supply chain but is also contributing meaningfully to economic growth through innovation and technology-driven development.

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