The government on Wednesday approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing.

The approval of the Production-linked Incentive Scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing.

Talking media persons after a meeting of the Cabinet, Communications and IT Minister Ravi Shankar Prasad said the Cabinet cleared the about Rs 7,350 crore PLI scheme for IT hardware that would cover laptops, tablets, all-in-one PCs and servers. The scheme would position India as a manufacturing hub, spur exports and create new jobs opportunities, Prasad added.

It is pertinent to note that Incentives worth Rs 7,350 crore will be provided over four years for the manufacturing of these products in India. Production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore are estimated over the four year timeline.

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Cabinet approves PLI scheme worth Rs12195-Cr