Supreme Court: Breach of Contract is Not Cheating Unless Fraud Existed From the Outset  ||  Supreme Court: Specific Performance of an Agreement to Sell May be Denied After a Long Delay  ||  Supreme Court: Section 498A IPC Applies to Live-In Relationships in Nature of Marriage  ||  Supreme Court Awards Rs.83.38 Lakh to Child Left Paralysed, Stressing Impact on the Victim’s Future  ||  J&K and Ladakh High Court: Private Trust Cannot Oppose Wakf Takeover Without Legal Authority  ||  P&H HC: Courts Cannot Grant Protection to a Minor’s Live-In Relationship Prohibited By Law  ||  Chhattisgarh High Court: NEET OMR Tampering Allegations Cannot Rest on Mere Suspicion  ||  Allahabad High Court Upholds Conviction, Says a Reliable Dying Declaration Alone Can Sustain Guilt  ||  Bombay HC Criticises ITAT for Delays in Pronouncing Orders Beyond 90-Day Limit  ||  P&H High Court Criticises Punjab For Spending on Freebies and Ads While Delaying Employee Dues    

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