Delhi High Court Denies Lifting Stay on Kent RO’s Sale of Fans under the KENT Trademark  ||  Sikkim HC: Non-Disclosure of Minor Cases With Acquittal Should Not Automatically Trigger Termination  ||  SC Explains What Constitutes ‘Best Interests’ of Patient in Vegetative State for Passive Euthanasia  ||  Supreme Court: Overzealous Investigation and Cases Based on Public Perception Can Harm Prosecution  ||  SC: Public Servant Convicted of Bribery Cannot Seek Acquittal Merely Due to Co-Accused’s Acquittal  ||  Supreme Court: Call Detail Records Require Section 65B Evidence Act Certificate to be Admissible  ||  SC: Valuation Report is Not Mandatory For Share Capital Reduction U/S 66 Companies Act  ||  SC: NCLAT Order Remains Valid Even if the Bench Has a Majority of Technical Members  ||  SC: Plaintiff Who Approaches the Court with Unclean Hands Cannot be Granted Specific Performance  ||  SC: Co-Operative Society’s Multi-State Status Depends on its Objectives, Not Member Distribution    

Cabinet approves PLI Scheme – 2.0 for IT Hardware - (17 May 2023)

Commercial

The Union Cabinet approved the Production Linked Incentive Scheme 2.0 (PLI) for IT Hardware with a budgetary outlay Rs. 17,000 crore. Electronics manufacturing in India has witnessed consistent growth with 17% CAGR in last 8 years. This year it crossed a major benchmark in production – 105 billion USD (about Rs 9 lakh crore). India has become the world’s second largest manufacturer of mobile phones. Exports of mobile phones crossed a major milestone of 11 billion USD this year (about Rs 90 thousand crore). The global electronics manufacturing ecosystem is coming to India, and India is emerging as a major electronics manufacturing country.

Salient features:

• PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices

• The budgetary outlay of the scheme is Rs. 17,000 crore

• The tenure of this scheme is 6 years

• Expected incremental production is Rs. 3.35 Lakh crore

• Expected incremental investment is Rs. 2,430 crore

• Expected incremental direct employment is 75,000

India is emerging as a trusted supply chain partner for all global majors. Large IT hardware companies have shown keen interest in establishing manufacturing facilities in India. This is further supported by strong IT services industry having good demand within the country. Most majors would like to supply domestic markets within India from a facility situated in India as well as make India an export hub.

Tags : IT HARDWARE   SCHEME   APPROVAL  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved