IT HARDWARE PLI 2.0 A MAJOR BOOST TO THE ECONOMY

 

IT HARDWARE PLI 2.0:32 LOCAL,GLOBAL PLAYERS SHOW INTEREST

Dell, Acer & Asus Come In | Apple & Samsung Stay Away

The government struck a rich haul in its attempt to get IT hardware and laptop makers to commit investments in India with almost all top global manufac turers barring Apple and Samsung agreeing to beef up production in the country directly or through domestic makers and suppliers. Those who will be investing in India include America's HP and Dell, Taiwanese Asus and Acer and Chinese Leno vo (through a local manufacturing partner)

The government increased the benefits under the scheme to Rs.17000 crore against Rs.7350/- crore earlier

The First Version of the Production –linked incentive PLI scheme for laptop,tablet and server makers had seen lukewarm response.It also stipulated a licensing regime on laptop,PC and desktop imports

To prod the companies to invest in India, the government had to not only sweeten the incentive scheme, but it stipulated a licensing regi me on laptop imports, somet hing that the industry had objected to initially but later agreed to as they were allo wed to freely ship their pro ducts till the end of October

A total of 32 companies have applied under the sche me and apart from the global brands, these include cunt collected from banks and houract manufacturers such as Rising Stars Hi-Tech and Flextronics.On the Indian side, those who have applied under the scheme include Dixon's Padget Electronics Optiemus Telecommunica tion, VVDN Technologies, Bhagwati Products, Neolyne Telecommunications Ltd, and Mirc Electronics

 

 As per the  Ministryof Ccommunication and IT sector,India is likely to see an incremental production of around Rs 3.35 lakh crore, with expectations of  fresh investments of around Rs 2,430 crore. The expected direct employment is going to be around 75,000 personnel."  For the Indian IT sector.A major boost to the economy as well.