Cabinet nod for Rs17k-cr PLI for IT Hardware
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
image for illustrative purpose
New Delhi: The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware with a budgetary outlay of Rs17,000 crore. Electronics manufacturing in India has witnessed consistent growth with a 17 per cent compound annual growth rate (CAGR) in the last eight years to cross a major benchmark in production -- $105 billion (about Rs9 lakh crore) -- this year.
“For IT PLI, the budgetary outlay is Rs17,000 crore. The tenure of the programme is six years,” Union Minister for IT and Telecom Ashwini Vaishnaw told reporters after the Cabinet meeting. PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices. The minister said the scheme is expected to lead to incremental production of Rs3.35 lakh crore, incremental investment of Rs2,430 crore and create incremental direct employment for 75,000 people during the scheme period. The government in February 2021 approved the PLI scheme for IT hardware, covering the production of laptops, etc.
The PLI Scheme 2.0 scheme is expected to lead to incremental production of Rs3.35 lakh crore, incremental investment of Rs2,430 crore and create incremental direct employment for 75,000 people during the scheme period
-Union Minister for IT and Telecom Ashwini Vaishnaw
