Cabinet approves ₹17,000 crore for PLI scheme 2.0 for IT hardware

Cabinet approves 17,000 crore for PLI scheme 2.0 for IT hardware

  • The Union Government has notified the phase second of the production-linked incentive (PLI) scheme for IT hardware.
  • The total budgetary outlay for the second phase is of Rs 17,000 crore, to be offered over six years.
  • This is more than double the incentives compared to the first phase of the scheme.
  • The decision aims at boosting domestic manufacturing of hi-tech electronics so that India may become the second-largest mobile phone manufacturer in the world.
  • The PLI scheme 1.0 for IT Hardware was approved in February 2021 by the government with an outlay of 7,350 crore covering the production of laptops, tablets, All-in-One PCs and servers .

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