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In a surprise move, the government last week reintroduced licensing and ended free imports of IT hardware. Many reasons have been cited for this step. Mint explains the possible rationale and the potential impact of the measure going forward:
The government has fixed August 30 as the last date for manufacturing IT hardware under Rs 17,000-crore PLI scheme.
Three years since the launch of the incentive scheme, smartphone production has been the biggest success. On the other hand, a lot more needs to be done to bolster PLI in electronics and IT hardware by scaling up components manufacturing and addressing legacy infrastructure issues.
The centre notified the second phase of the production-linked incentive scheme for IT hardware on May 14 with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan.
In May, the Centre had notified the second phase of the production-linked incentive (PLI) scheme for IT hardware with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan, aimed at attracting global companies like Dell, HP, Apple, and Samsung to manufacture in India.