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PLI in IT hardware to help India become global manufacturing hub


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 Commi ....

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