Govt may keep Rs 7,500 cr outlay for IT hardware manufacturing under PLI scheme

NEW DELHI: The authorities whitethorn support an outlay of Rs 7,500 crore nether the accumulation linked inducement scheme for IT hardware products similar idiosyncratic computers, laptops, tablets and servers, according to a root alert of the development.

Foreign companies looking for incentives nether the scheme whitethorn person to put Rs 500 crore implicit 4 years, portion the threshold for home firms is apt to beryllium astir Rs 20 crore for 5 years, the root who did not privation to beryllium named said.

"Meity (Ministry of Electronics and Information Technology) volition instrumentality the Cabinet support of the elaborate guidelines soon and is hopeful of rolling retired the scheme from adjacent fiscal year. The inducement outlay is apt to beryllium astir Rs 7,500 crore," the root said.

The authorities has announced a cumulative accumulation linked inducement of Rs 2 lakh crore for 10 sectors to promote home manufacturing aft seeing traction of planetary giants similar Apple's declaration manufacturers, Samsung etc for the scheme successful the mobile devices segment.

According to mobile devices manufacture assemblage ICEA, India has the imaginable to standard up its cumulative laptop and tablet manufacturing capableness to implicit Rs 7 lakh crore by 2025 done argumentation interventions.

Scaling up laptop and tablet PC manufacturing tin instrumentality the stock of India successful the planetary marketplace to 26 per cent from 1 per cent astatine present.

Besides, it volition make 5 lakh caller jobs and pb to a cumulative inflow of overseas speech to the tune of Rs 5.5 lakh crore and concern of implicit Rs 7,300 crore by 2025.