The Union Cabinet has approved a Rs 17,000 crore-incentive to boost local manufacturing of IT hardware like tablets and laptops, and the scheme is projected to generate an incremental production worth Rs 3.35 lakh crore over a period of six years.
As per PTI report, IT and Telecom Minister Ashwini Vaishnaw said that companies having high volume sales are interested, and iPad maker Apple is also seriously evaluating the scheme.
The Production Linked Incentive (PLI) Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices. The scheme was earlier introduced in 2021 but did not get expected traction.