IT hardware PLI purse may zoom 2.5x to Rs 19,000 crore

New Delhi: The government may sweeten the production-linked incentive (PLI) scheme for IT hardware.

It has proposed to increase the scheme’s financial outlay by 2.5 times to around Rs 19,000 crore and double the incentive rates to woo multinational companies such as Dell, HP, Apple, Samsung and Asus to step up manufacturing in the country.

According to a draft of the revised scheme — PLI for IT Hardware 2.0 — which is set to be circulated to major stakeholders for feedback, the restructured scheme will now offer incentives of 4-5.75% over five years, against 1-4% over a tenure of four years at present, officials aware of the matter told ET. Its financial outlay will touch about Rs 19,000 crore from Rs 7,350 crore, they said.