The Indian government is actively leveraging its Production-Linked Incentive (PLI) schemes to attract joint ventures (JVs) in the electronics manufacturing sector, a strategic area for boosting domestic production and reducing reliance on imports. With billions of rupees allocated across multiple PLI categories, the Ministry of Electronics and Information Technology (MeitY) is encouraging Indian firms to collaborate with both domestic and foreign partners to establish high-tech manufacturing capabilities. The goal is to build an integrated ecosystem for products like semiconductors, display panels, smartphones, and electronic components.

Joint ventures that qualify under the PLI guidelines are eligible for direct financial incentives, based on incremental sales of goods manufactured in India. These incentives are provided over five to six years, rewarding companies that invest in cutting-edge technology, expand production capacity, and meet value-added norms. The scheme also prioritizes partnerships that involve technology transfer, skills development, and the creation of local supply chains. This policy direction has already attracted key players in the mobile and semiconductor space to explore JV models with Indian stakeholders.

By aligning PLI benefits with collaborative ventures, the government aims to create globally competitive manufacturing hubs in India. The initiative not only supports the vision of Atmanirbhar Bharat (Self-Reliant India) but also strengthens India’s position in the global electronics value chain. The proactive policy environment, combined with infrastructure and financial support, is expected to make India a preferred destination for joint ventures in the high-growth electronics sector.