Five more states will get on board on for National Single Window System by December, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain said
PLI in IT hardware to help India become global manufacturing hub
PLI in IT hardware: The government is also estimating production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore in four years
Nidhi Singal | February 25, 2021 | Updated 12:53 IST
Govt approves Rs 7,350 crore PLI scheme for IT hardware
Amid huge reliance on imports for IT hardware including laptops, tablets, all-in-one PCs, and servers, the union cabinet has approved production link incentive for IT hardware products. The total cost of the proposed scheme is pegged to be approximately Rs 7,350 crore over four years. PLI for IT Hardware products will be a game-changer for the electronic manufacturing industry. The scheme will help in generating more value add in the country and exports too. We hope to see a strong electronic component chain also developing alongside with the help of these schemes, says Manish Sharma, Chairman, FICCI Electronics and White Goods Manufacturing Committee.
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Consumer electronics major Panasonic India is aiming to double its residential airconditioning business in the next three years as it is betting big on new cutting age technologies along with growing demand, a top company official said. The company, which on Thursday introduced HU series of ACs with the recently-announced nanoeX technology, is eyeing about 35 per cent sales growth in the segment this year on the back of pent-up demand. According to the company, nanoeX technology releases hydroxyl radicals contained in water, which are also known as nature s detergent that are capable of inhibiting bacteria and viruses, including 99.99 per cent of adhered novel coronavirus.