PLI for IT hardware: Draft proposes raising financial outlay by 2.5 times

The government is likely to sweeten the production-linked incentive (PLI) scheme for IT hardware, the Economic Times reported.

Earlier, Ministry of Electronics and Information Technology (MeitY) held discussions with global IT hardware makers who are looking to move part of their production capacity from China to India. Taking forward these discussions Meity drafted a draft PLI scheme to woo IT hardware manufacturers. 

The government in its draft policy has proposed to increase the scheme’s financial outlay by 2.5 times to around Rs. 19,000 crore. It also proposes to double the incentive rates to attract multinational companies such as Dell, HP,