The Union Cabinet has given its approval for the implementation of the Production Linked Incentive (PLI) Scheme 2.0, which focuses on enhancing domestic manufacturing of laptops, PCs, and ultra-small devices. This scheme is expected to give a significant boost to the IT hardware sector in India.
Approval and Budgetary Outlay
The Union Cabinet approved the PLI Scheme 2.0 for IT hardware with a budgetary outlay of Rs 17,000 crore. The scheme aims to promote the production and manufacturing of laptops, tablets, all-in-one personal computers (PCs), servers, and ultra-small form factor devices within the country.
Objectives and Expected Impact
The PLI Scheme 2.0 for IT hardware is projected to attract an incremental investment of Rs 2,430 crore, fostering technological advancements and promoting self-reliance in the IT sector. The scheme is expected to generate approximately 75,000 new jobs, providing significant employment opportunities.
Duration and Incremental Production
This PLI scheme, known as PLI Scheme 2.0, has a tenure of six years and is expected to bring about incremental production worth Rs 3.35 lakh crore. It aims to boost the domestic manufacturing ecosystem and reduce dependency on imports in the IT hardware sector.
Significance for the Industry
The approval of the PLI Scheme 2.0 for IT hardware by the Union Cabinet is a significant step towards realizing the vision of an Atmanirbhar Bharat (self-reliant India) in the IT sector. It will strengthen the manufacturing capabilities, competitiveness, and innovation in the industry, contributing to the growth of the Indian economy).
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