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May 04, 2021

PLI Scheme for IT hardware sector attracts several global & domestic Cos

Production Linked Incentive Scheme for the Information Technology hardware sector has attracted several global and domestic companies.
The Electronics, Information Technology and Communications Ministry has said that a total of 19 companies have come forward so far to take the benefits of this scheme.
These companies are expected to expand their manufacturing operations in a significant manner with the help of incentives provided under the PLI scheme.
The scheme was notified in the month of March this year.
It provides incentive on sale of goods under targeted segments that are being manufactured in India by the eligible companies in a period of four years.
Electronics, IT and Communications Minister Ravi Shankar Prasad said, industries have reposed its faith in India’s stellar progress as a world class manufacturing destination.
He said, the government is committed to build a strong ecosystem and integrate with the global value chains thereby strengthening electronics manufacturing ecosystem in the country.

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