P&H HC: Eyewitness Account Not Credible if Eyewitness Directly Identifies Accused in Court  ||  Delhi HC: Conditions u/s 45 PMLA Have to Give Way to Article 21 When Accused Incarcerated for Long  ||  Delhi High Court: Delhi Police to Add Grounds of Arrest in Arrest Memo  ||  Kerala High Court: Giving Seniority on the Basis of Rules is a Policy Decision  ||  Del. HC: Where Arbitrator has Taken Plausible View, Court Cannot Interfere u/s 34 of A&C Act  ||  Ker. HC: No Question of Estoppel Against Party Where Error is Committed by Court Itself  ||  Supreme Court: Revenue Entries are Admissible as Evidence of Possession  ||  SC: Mere Breakup of Relationship Between Consenting Couple Can’t Result in Criminal Proceedings  ||  SC: Bar u/s 195 CrPC Not Attracted Where Proceedings Initiated Pursuant to Judicial Order  ||  NTF Gives Comprehensive Suggestions on Enhancing Better Working Conditions of Medical Professions    

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 2024 - All Rights Reserved