The government is engaging with mobile phone manufacturers, IT companies, and other electronics producers regarding the upcoming version of the production-linked incentive scheme prior to obtaining Cabinet approval, stated Union Electronics and IT minister Ashwini Vaishnaw.

The minister stated that the new budget reforms, comprising the Rs 40,000-crore component scheme and a tax holiday for AI data centres, will significantly boost employment in the electronics, AI, and GCC sectors, exceeding the current total of over one crore jobs.

In response to inquiries regarding the mobile production linked incentive (PLI) scheme set to conclude in March and not specifically mentioned in the FY27 budget, the minister confirmed that the government is consistently engaging with manufacturers, and "as soon as things are finalized, we will present it to the cabinet for approval".

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"We continue to progress as we proceed." For instance, regarding semiconductors, considerable effort had already been invested in the budget. Similarly, for mobile and IT hardware, along with all the manufacturers, we are continually engaging in discussions with them.

"When everything is finalized, we will present it to the cabinet for approval," the minister stated.

Vaishnaw stated that the Union Budget 2026-27 outlines a plan for the government's vision of 'Viksit Bharat 2047,' which includes a resilient economy, atmanirbhar (self-reliant) principles, and promotes strong employment-led growth across various sectors.

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He stated that the electronics component manufacturing plan has already greenlit 46 units and that "numerous others are forthcoming."

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The Ministry of Electronics and IT has granted approval for 46 applications as of January, involving a total investment of Rs 54,567 crore and expected to create direct jobs for approximately 51,000 individuals.

Vaishnaw mentioned that the number of applications has reached almost 260, significantly surpassing initial expectations.