What's New

IT Hardware PLI Scheme 2.0

News: With a financial allocation of Rs 17,000 crore, the Cabinet approved the Production Linked Incentive Scheme 2.0 for IT Hardware.

In India, the production of electronics has been expanding steadily over the past eight years, with a compound annual growth rate (CAGR) of 17%.

PLI Scheme 2.0 is for IT hardware and includes all-in-one PCs, servers, laptops, tablets, and ultra-small form factor gadgets.

The PLI Scheme’s main goal is to expand indigenous manufacturing capacity. Increase import substitution while creating jobs.

Manufacturing of mobile and related components, electrical component manufacturing, and medical devices were the initial target industries.

Now extending to other industries like drones, advanced chemical cell batteries, solar modules, pharmaceuticals, telecom, white goods, solar panels, metals and mining, textiles and apparel, and advanced IT hardware.

Incentives based on increased sales; calculated.

varies depending on the sector from 1% to 20%.

Some industries, like the drone industry, textile products, and advanced chemical cell batteries, base their incentives on sales, performance, and locally added value over a five-year period.