Team Blitz India
NEW DELHI: The Union Cabinet has approved a Rs 17,000 crore-incentive to boost local manufacturing of IT hardware like tablets and laptops. The scheme is projected to generate an incremental production worth Rs 3.35 lakh crore over a period of six years.
IT and Telecom Minister Ashwini Vaishnaw said that companies having high volume sales are interested, and iPad maker Apple is also seriously evaluating the scheme.
The Production Linked Incentive (PLI) Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices. The scheme was earlier introduced in 2021 but did not get expected traction.
PLI schemes, especially those for telecom and mobile phones, have been higher compared to the government estimates.
Under the new scheme, companies will get an incentive of up to 5 per cent and an optional incentive of 4 per cent if they use domestically-produced components compared to just 2 per cent incentive offered under the old scheme.