44 IT hardware companies log in for PLI sops

New Delhi: Forty-four companies, including top brands, have already applied for incentives under the production-linked incentive (PLI) scheme for IT hardware manufacturing, a top government official said. The recently notified import restrictions on products such as laptops and tablets were introduced from a security perspective but will spur local production and won’t lead to supply disruptions, according to this person.

IT hardware companies have been told about the licensing portal where it takes five to 10 minutes to get approval for an import licence, this official said.