IANS | 06 Jul, 2023
India aims to reach volumes and scale in making original electronic
products and the goal is to catalyse partnerships between the
government, academia and startups to enable manufacturing of IT hardware
like that includes laptops, servers and tablets, Union Minister of
State for Electronics and IT, Rajeev Chandrasekhar, said on Thursday.
Addressing
a 'Digital India Dialogues' session on the recently-revised
production-linked incentive (PLI) scheme for IT hardware in Bengaluru,
the minister said that our ambitions are very clear -- a $300 billion
Electronics industry and the $1 trillion digital economy by 2026.
“Aligned
with Prime Minister Narendra Modi’s vision, we want to be enablers in
deepening India’s components and semiconductor ecosystem. The IT
hardware PLI scheme has been carefully designed this time with inputs
from the industry,” he told the gathering.
In May, the government
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.
After implementation, it will be with a cap on maximum incentives available to participating companies.
With
an anticipated incremental investment of Rs 2,430 crore, the scheme
aims to generate an incremental production amounting to Rs 3,35,000
crore.
Moreover, the PLI 2.0 is expected to create 75,000 direct
jobs along with over 2 lakh indirect jobs, significantly increasing
employment opportunities in the sector.
Through the provision of
financial incentives, the government seeks to encourage localisation of
IT hardware components and sub-assemblies.
The scheme covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices
