Global IT hardware industry players urge govt to postpone PLI 2.0 scheme

Information technology (IT) hardware industry players worldwide, including HP, Lenovo, Apple, ASUS, Acer, and others, have urged the government to postpone the new production-linked incentive (PLI 2.0) programme for implementation by one year, reported Finacial Express. Additionally, they urged the government to increase the scheme’s duration from five to six years. The updated hardware PLI will be put into effect by the government on April 1, 2023, and it will last until March 31, 2028.

Sharp shipment decline in the global PC market is the main reason these players seek deferment. During the July-September quarter of 2022, worldwide PC shipments declined by 19.5 per cent on a year-on-year (YoY) basis to 68 million units, according to Gartner, an IT research and consultancy company.