PLI scheme for IT hardware: Can it achieve the investment of target of Rs 2,700 crore?

IT hardware industry is an important pillar supporting the Digital India and Smart City initiatives of the Government. Hence, the special focus to incentivise manufacturing of enabling products for the industry and transform India into a global manufacturing hub.

Duty reforms and incentive policies for the mobile handset manufacturing charts a success storywith India becoming the second largest mobile handset manufacturing destination globally. Transition from assembly to component level manufacturing has created immense opportunities in India and the Government is actively thinking towards creating a conducive manufacturing eco-system and increasing capabilities for hi-tech components and chip manufacturing.