PLI Scheme 2.0 for IT Hardware | India Digital Revolution

Government Approves 27 Manufacturers under PLI Scheme 2.0 for IT Hardware - A Game-Changer in the Tech Landscape

In a landmark move towards fostering indigenous innovation and bolstering the digital revolution, the Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, gave the green light to the Production Linked Incentive (PLI) Scheme 2.0 for IT hardware on May 17, 2023. Following the success of the PLI scheme for mobile phones, this visionary initiative aims to transform the landscape for laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices.

A Leap Forward in Tech Manufacturing

Applications from 27 IT hardware manufacturers, including industry giants such as Acer, Asus, Dell, HP, Lenovo, and more, have received approval. This paves the way for the production of cutting-edge IT hardware within the country’s borders. Minister of Railways, Communications, and Electronics and IT, Shri Ashwini Vaishnaw, proudly announced that “23 out of 27 approved applicants are ready to start manufacturing on day zero.”

Redefining Success: Projected Outcomes

The anticipated impact of this groundbreaking approval over the scheme’s tenure is nothing short of revolutionary. The numbers speak for themselves:

  • Employment Boost: A total of approximately 2 lakhs jobs are expected to be generated, comprising 50,000 direct and 1.5 lakh indirect employment opportunities.

  • Economic Value: The production of IT hardware is projected to contribute a staggering 3 lakh 50 thousand crore rupees (equivalent to 42 billion US dollars) to the Indian economy.

  • Strategic Investments: Companies are poised to invest 3,000 crore rupees (360 million US dollars) in this transformative initiative.

From Vision to Reality: A Digital Renaissance

As India takes significant strides towards becoming a global technology hub, the PLI Scheme 2.0 for IT hardware marks a pivotal moment in this journey. By nurturing innovation, creating job opportunities, and attracting strategic investments, this scheme is set to lay the foundation for a robust and self-reliant tech ecosystem. The government’s commitment to building a digital future is not just a policy; it’s a transformative narrative that will resonate across industries, propelling India into a new era of technological prowess.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.