Government can spend Rs 7,500 crore on IT hardware manufacturing under PLI scheme

New Delhi: The government may spend Rs 7,500 crore on manufacturing incentives
Plan For IT hardware products like personal computers, laptops, tablets and servers, according to a source aware of the development.

Looking for incentives under foreign companies
Plan It may have to invest Rs 500 crore in four years, while the threshold for domestic companies could be around Rs 20 crore for five years, the source said on condition of anonymity.

METI (Ministry of Electronics and Information Technology) will soon get cabinet approval of detailed guidelines and is optimistic.
Plan From the next financial year. The incentive cost could be around Rs 7,500 crore, ”the source said.

The government has announced an incentive of Rs 2 lakh crore for 10 sectors to boost domestic production in view of the attraction of global giants like Apple’s contract maker, Samsung etc.
Plan In the mobile device segment.

According to the mobile device industry body ICEA, India has the potential to increase its growing laptop and tablet production capacity to Rs 7 trillion by 2025 through policy interventions.

Increasing laptop and tablet PC production could take India’s share of the global market from 1 per cent to 26 per cent at present.

Discover the story of your interest

In addition, it will create 5 lakh new jobs and lead to a growing inflow of Rs 5.5 lakh crore in foreign exchange and investment of over Rs 7,300 crore by 2025.

Stay on top of technology and breaking news which is important. Subscribe to our daily newsletter for the latest and must read technical news delivered directly to your inbox.

Leave a Reply

Your email address will not be published.