Cabinet approves Rs 17,000 crore IT Hardware PLI: 4 key things to know

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Rs 17,000 crore Production Linked Incentive (PLI) Scheme for the IT hardware segment. The Production Linked Incentive Scheme 2.0 for IT Hardware has a budgetary outlay of Rs 17,000 crore. The PLI Scheme 2.O builds on the success of PLI for mobile phones. India has become the world’s second largest manufacturer of mobile phones. Exports of mobile phones crossed a major milestone of $11 billion this year (about Rs 90 thousand crore).

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