MeitY secretary says electronics components PLI in the works

S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), on Monday said there is immense potential for growth in India’s power electronics sector and that Production-Linked Incentive (PLI) scheme for electronics components will be implemented soon.

Speaking at the Budget Verdict townhall event organised by CNBC-TV18, Krishnan said sustained focus is needed to take realise the potential of the power electronics segment.

Further, he said the government is working on ironing out the PLI scheme for electronics components and…