Cabinet OKs PLI for IT Hardware 2.0, more than doubles sops

New Delhi: The cabinet approved the second phase of the production-linked incentive (PLI) scheme for IT hardware with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan aimed at attracting global companies like Dell, HP, Apple and Samsung to manufacture in India.

“There is an expected investment of Rs 2,430 crore under the scheme,” Union minister for electronics and information technology Ashwini Vaishnaw said at a briefing after the cabinet meeting on Wednesday. “The additional incremental production is expected to be Rs 3.35 lakh crore. The expected direct employment generation is 75,000 jobs.”