Union Minister of State for Skill Development & Entrepreneurship and Electronics and IT, Shri Rajeev Chandrasekhar will be addressing a Digital India Dialogues session on the recently revised production linked incentive (PLI) scheme for IT hardware at Bengaluru.
The session will be attended by stakeholders of the tech ecosystem – industry experts, representatives of industry associations, startups, etc.
The Government had last month cleared the PLI 2.0 scheme for IT hardware with an outlay of Rs 17,000 crore, more than doubling the budget for the scheme that was first cleared in 2021 to incentivise and promote domestic manufacturing by attracting large investments in the value chain. It will be implemented from July 1, 2023 with a cap on maximum incentives available to participating companies.
By providing financial incentives, the government aims to encourage the localisation of IT hardware components and sub-assemblies, leading to increased production within the country. The scheme covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices.
The scheme is expected to lead to total production of about ₹ 3.35 lakh crore, bring an additional investment of ₹ 2,430 crore in electronics manufacturing and is expected to generate 75,000 additional direct jobs.
These consultations are in line with Prime Minister Shri Narendra Modi’s consultative approach to law and policy making. The Minister will be arriving in Bengaluru this evening.