In line with an aim to boost domestic manufacturing, the Union Cabinet has approved the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware with a budgetary outlay Rs 17,000 crore. PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices.
The scheme is expected to result in incremental production of Rs 3.35 lakh crore and incremental investment of Rs 2,430 crore during its tenure of 6 years. Furthermore, it aims to create employment opportunities for around 75,000 people within the next six years. Building on the success of Production Linked Incentive scheme for mobile phones, the Union Cabinet approved PLI Scheme 2.0 for IT hardware.
Meanwhile, 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.
