Supreme Court Judges Launch Schemes for Human -Wildlife Conflict  ||  SC: Generating Company & Distribution Licensee Can’t by Private Agreement, Execute PPA on their Own  ||  SC Allows Appeal by State of Telangana against HC’s Order on Domicile Rule  ||  Supreme Court Dismisses PIL Challenging Centre’s Ethanol Blending Programme  ||  Delhi HC: Working 'For' an Organization Cannot be Equated With Working 'in' an Organization  ||  Delhi HC: In Matrimonial Disputes Alleging Adultery, Stay at Hotels is a Relevant Circumstance  ||  Delhi HC: Can Consider Husband's Home Loan & Responsibility While Determining Maintenance  ||  Delhi HC: For Section 34 IPC, Giving Actual Blow or Physical Presence is Not Necessary  ||  SC: WB SSC Gives Undertaking to Bar Tainted Candidates from Fresh Recruitment Exams  ||  Calcutta HC: Employee Looking for Another Job with Rival Company Isn’t Contrary    

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 2025 - All Rights Reserved