Shri Rajeev Chandrasekhar, Union Minister of State for Skills Development and Entrepreneurship, Electronics and IT, will speak at a session of Digital India Dialogues on the newly revised Production Linked Incentive (PLI) scheme for India hardware in Bangalore.
The session will be attended by stakeholders from the technology ecosystem: industry experts, representatives of industry associations, startups, etc.
Last month the government had approved the PLI 2.0 scheme for IT hardware with an outlay of Rs 17,000 crore, more than doubling the budget for the scheme which was first approved in 2021 to incentivize and boost domestic manufacturing by attracting large investments in the value chain. It will be implemented from 1 July 2023 with a cap on the maximum incentives available to participating companies.
By providing financial incentives, the government aims to encourage the localization of IT hardware components and sub-assemblies, leading to increased production within the country. The scheme covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices.
The scheme is expected to lead to a total output of around ₹ 3.35 lakh crore, carry an additional investment of ₹ 2,430 crore in electronics manufacturing and is expected to generate 75,000 additional direct jobs.
These consultations are in line with Prime Minister Shri Narendra Modi’s consultative approach to the legislative and political process. The Minister will arrive in Bangalore this evening.
********
RKJ/DK