The Union Government on Tuesday invited applications under Production-Linked Incentives (PLI) for IT Hardware 2.0. As per the information, revised PLI scheme is set to open for applications on June 1.
Applicants under the prevision version of the scheme are permitted to apply afresh under the revised scheme. Under the revised PLI scheme, the government increased the quantum of incentive to up to eight percent along with augmented budget outlay to Rs. 17,000 crores.
Earlier this month, the union cabinet had approved the PLI 2.0 scheme for IT hardware which will cover a wide range of products including laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices.
Centre has set the tenure of the PLI 2.0 scheme for six years, providing an extended period for manufacturers to capitalise on the incentives. The scheme's primary objective is to promote domestic manufacturing and enhance India's position as a global hub for IT hardware production.
First Published: May 30, 2023 6:14 PM IST
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