Centre Approves Rs 17,000 Crore PLI Scheme For IT Hardware
NDTV
Electronics manufacturing in India has witnessed consistent growth with a 17 per cent compound annual growth rate (CAGR) in the last 8 years to cross a major benchmark in production -- USD 105 billion (about Rs 9 lakh crore) -- this year.
The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Production Linked Incentive Scheme 2.0 for IT hardware with a budgetary outlay of Rs 17,000 crore.
Electronics manufacturing in India has witnessed consistent growth with a 17 per cent compound annual growth rate (CAGR) in the last 8 years to cross a major benchmark in production -- USD 105 billion (about Rs 9 lakh crore) -- this year.
"For IT PLI, the budgetary outlay is Rs 17,000 crore. The tenure of the programme is 6 years," Union Minister for IT and Telecom Ashwini Vaishnaw told reporters after the cabinet meeting.
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices.
