Govt offers firms more time to seek IT hardware production incentives

India has extended the deadline for companies to seek incentives for IT hardware production under a recently expanded scheme meant to attract big-ticket investments to the end of July, according to a government statement on Friday.

The window to apply for the scheme – PLI 2.0 for IT Hardware – was previously supposed to close on July 15.

In May, New Delhi doubled the amount allocated towards this scheme to Rs 17,000 crore ($2.07 billion), as it aims to spur domestic production of laptops and tablets.