‘Wait and watch’: MeitY secretary S Krishnan on $3 billion electronics PLI scheme

“This sounds like a question and a cross-examination of a witness in court. So, I would only say that you will have to wait and watch. You will hear about it soon,” said S Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), when asked about the government’s proposed $3 billion (about ₹25,000 crore) Production-Linked Incentive (PLI) scheme for the electronics components industry.

CNBC-TV18 reported on Thursday that MeitY has finalised a Cabinet note for a ₹25,000 crore PLI scheme aimed at boosting domestic manufacturing…