Govt extends application deadline for IT hardware PLI 2.0 to August 30

The Ministry of Electronics and Information Technology has extended the date for accepting applications under the production-linked incentive (PLI) scheme 2.0 for IT hardware. The new deadline to apply for the scheme is August 30, 2023.

The PLI scheme for IT hardware was notified via a government notification on May 29, 2023, with a total budget outlay of Rs 17,000 crore. The scheme is aimed at expanding the local large-scale manufacturing of IT hardware in the country.

The scheme shall extend an average incentive of around 5 per cent on net incremental sales (over the base year) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of six years.