New Delhi [India], February 24 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Production Linked Incentive (PLI) scheme for IT hardware and for pharmaceuticals over a period of Financial Year 2020-21 to 2028-29.
Smriti Irani highlights the ‘historic’ growth of the PPE sector during the pandemic
The Indian textile and clothing sector has several opportunities in the infrastructure and healthcare sectors, Union Minister for Textiles Smriti Zubin Irani has said.
Inaugurating the Global Textile Conclave, organised virtually by the Confederation of Indian Textile Industry, on Wednesday, the Minister said the Union Budget this year had proposed capital expenditure of ₹1 lakh crore in infrastructure projects next financial year and another ₹ 1 lakh crore in railways. The Jal Jeevan Mission of the Union Government was not only to provide clean drinking water but also to develop water bodies in rural areas.
The Union Cabinet, chaired by the Prime Minister, Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Pharmaceuticals over a period of Financial Year 2020-21 to 2028-29. The Scheme will benefit domestic manufacturers, help in creating employment and is expected to contribute to the availability of wider range of affordable medicines for consumers.
The scheme is expected to promote the production of high value products in the country and increase the value addition in exports. Total incremental sales of Rs.2,94,000 crore and total incremental exports of Rs.1,96,000 crore are estimated during six years from 2022-23 to 2027-28.
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Updated Feb 24, 2021 | 16:01 IST
The target segment under the proposed scheme includes laptops, tablets, all-in-one PCs, and servers said Union Minister Ravi Shankar Prasad. Cabinet approves PLI Scheme for IT hardware, pharma sectors
New Delhi: The Union Cabinet on Wednesday approved a production-linked Incentive scheme for IT Hardware. The scheme proposes an incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware. The target segment under the proposed scheme includes laptops, tablets, all-in-one PCs, and servers said Union Minister Ravi Shankar Prasad.
The total cost of the proposed scheme is approximately Rs.7,350 crore over 4 years, which includes an incentive outlay of Rs.7,325 crore and administrative charges of Rs 25 crore.
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