Chennai, Sep 30 (IANS) Tamil Nadu (NS:) will try to attract industries that have qualified under the Central government’s Productivity Linked Incentive (PLI) scheme, Chief Minister MK Stalin said on Friday.
Inaugurating Taiwan’s Pegatron’s Rs 1.1 billion smartphone factory near here, he said the electronics industry has the capacity to change the state’s industrial map.
Citing companies such as Salcomp, Dell, Bosch (NS:), Samsung (KS:), Foxconn, Tata Electronics and others that have their plants in the state, noted that Tamil Nadu contributes 20 percent of India’s electronics production.
Stalin also expressed his happiness over Pegatron’s decision for its second phase of expansion in the state.
At the function, Union Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship Rajeev Chandrasekhar said Pegatron’s investment is a symbol of collaboration between the Center and the states.
He said the partnership is to help India reach the target of $300 billion in electronics manufacturing from the current $75 billion.
The plant was set up by Taiwanese electronics firm Pegatron under the centre’s PLI scheme.
Chandrasekhar also said that the PLI scheme has played a major role in ushering in investments of about Rs 6.5 billion and employment of over 40,000 in electronics manufacturing, in Tamil Nadu alone.
Pointing to the success of Prime Minister Narendra Modi’s well-calibrated schemes like the Phased Manufacturing Program (PMP) and PLI, he said, “Mobile phone exports in India in 2015-16 were almost nil. They reached around Rs 50,000 crore. . India used to be heavily dependent on mobile phone imports. In contrast, today, 97 percent of mobile phones used in India are domestically manufactured.”