In its push for Atmanirbhar Bharat, the Centre has announced Rs 7,350 crore incentive for the production of laptops, tablets, PCs and servers in the country. Union minister Ravi Shankar Prasad said the Production Linked Incentive (PLI) scheme has been doled out with an aim to promote India as a global hub for hardware manufacturing. "India will be well-positioned as a global hub for Electronics System Design and Manufacturing (ESDM) on account of integration with global value chains, thereby becoming a destination for IT hardware exports," the government said.
Boost to domestic manufacturing of laptops, PCs as govt approves PLI scheme worth Rs 7,350 crore
The scheme will promote the manufacturing of laptops, tablets, all-in-one PCs and servers in the country and give employment to 1.80 lakh people. Representative image
Updated: Feb 25, 2021, 08:30 AM IST
In a major boost to India s manufacturing centre, the government has approved a Rs 7,350 crore Production Linked Incentive (PLI) scheme to promote the manufacturing of laptops, tablets, all-in-one PCs and servers in the country. Through this scheme, the government intends to attract global companies in the domestic manufacturing sector. The PLI scheme will help in promoting the electronics ecosystem in the country.
Govt clears Rs 7,350 cr PLI booster for production of laptops, tablets, PCs Greater Kashmir | The government on Wednesday approved a Rs 7,350-crore scheme to boost production of laptops, tablets, all-in-one PCs and servers in the country, as it
The manufacturing sector and micro, small and medium enterprises (MSME) are spearheading economic growth in the country after the outbreak of Covid-19 while many contact-intensive services sub-sectors remain severely affected by the crisis.
Feb 25, 2021, 09:47 AM IST
New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Production Linked Incentive (PLI) Scheme for IT Hardware. The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware. The Target Segments under the proposed Scheme include Laptops, Tablets, All-in-One PCs and Servers.
The Scheme shall, extend an incentive of 4% to 2% / 1% on net incremental sales (over base year i.e. 2019-20) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four (4) years.
The scheme is likely to benefit 5 major global players and 10 domestic champions in the field of IT Hardware manufacturing including Laptops, Tablets, All-in-One PCs, and Servers. This is an important segment to promote manufacturing under AtmaNirbhar Bharat as there is huge import reliance for these items at present.