MeitY Invites Applications for Incentives under PLI 2.0 for IT Hardware
·
The scheme was notified on May 29, 2023. The
window of applications under PLI Scheme 2.0 for IT Hardware will open from June
01, 2023.
·
The scheme has three category of applicants,
namely global companies, hybrid (global/domestic) companies and domestic
companies.
<Production Linked Incentive
Scheme - PLI 2.0 for IT Hardware dated 29.05.2023>
The Union Cabinet, chaired by
Prime Minister Narendra Modi, had given approval to introduce the Production-Linked
Incentive (PLI) Scheme 2.0 for IT Hardware for Enhancing India’s Manufacturing Capabilities
and Enhancing Exports – Atmanirbhar Bharat on May 17,
2023.
The scheme was notified on May
29, 2023. The window of applications under PLI Scheme 2.0 for IT Hardware will open
from June 01, 2023.
The PLI Scheme 2.0 for IT Hardware
is expected to result in broadening and deepening of the manufacturing ecosystem
by encouraging the localisation of components and sub-assemblies and allowing for
a longer duration to develop the supply chain within the country. Additionally,
the scheme provides increased flexibility and options for applicants, and is tied
to incremental sales and investment thresholds to further incentivise growth. Furthermore,
semiconductor design, IC manufacturing, and packaging are also included as incentivised
components of the PLI Scheme 2.0 for IT Hardware.
·
The PLI Scheme 2.0 for IT Hardware approved with
a budgetary outlay of ₹ 17,000 crore.
•
The scheme is expected to lead to total production
of about ₹ 3.35 lakh crore, bring an additional investment of ₹ 2,430
crore in electronics manufacturing and will lead to generation of 75,000 additional
direct jobs.
•
The Scheme will promote large scale manufacturing
in Laptops, Tablets, All-in-One PCs, Servers and Ultra Small Form Factor (USFF)
devices and contribute significantly to achieve electronics manufacturing turnover
of approximately USD 300 billion by 2025-26.
•
Approved applicants of existing PLI will be allowed
to apply under PLI 2.0.
The scheme has three category
of applicants, namely global companies, hybrid (global/domestic) companies and domestic
companies.
Details of PLI Scheme 2.0 for
IT Hardware are available at following URL:
https://www.meity.gov.in/content/production-linked-incentive-scheme-pli-20-it-hardware