दक्षिण पश्चिम रेलवे / SOUTH WESTERN RAILWAY
प्रेस विज्ञप्ति / Press Release No. 77 Dt: 17.05.2023
PRODUCTION LINKED INCENTIVE (PLI) SCHEME FOR IT HARDWARE
Hon'ble Minister of Railways, Communications and Electronics & IT Shri Ashwini Vaishnaw today briefed press throughout India, through Video Link on the Cabinet Decision to offer 'Production Linked Incentive (PLI)' for IT Hardware manufacturing. He stated that after looking at the success of PLI in Mobile Phones, this step was taken.
He said that in the last 7 years, there has been change in mindset from 'import substitution' to 'export led growth'. He further said that now onwards, more than 90% components of IT Hardware and mobile phones would be manufactured in India, whereas a few years back they were imported. This will bring down the cost of production, and enable Indian manufacturers to produce Laptop, PC, Tablets etc at less cost.
1.Context:
ØElectronics manufacturing in India has witnessed consistent growth with17% CAGR in last 8 years. This year it crossed a major benchmark in production – 105 billion USD (about Rs 9 lakh crore)
ØIndia has become the world’s second largest manufacturer of mobile phones. Exports of mobile phones crossed a major milestone of 11 billion USD this year (about Rs 90 thousand crore)
ØThe global electronics manufacturing ecosystem is coming to India, and India is emerging as a major electronics manufacturing country
ØBuilding on the success of Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet today approved PLI for IT hardware
2.Salient features:
ØPLI for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
ØThe budgetary outlay of the scheme is Rs. 17 thousand crores
ØThe tenure of this scheme is 6 years
ØExpected incremental production is Rs. 3.35 Lakh Crores
ØExpected incremental investment is Rs. 2,430 Crores
ØExpected incremental direct employment is 75 thousand
3.Significance:
ØIndia is emerging as a trusted supply chain partner for all global majors. Large IT hardware companies have shown keen interest in establishing manufacturing facilities in India. This is further supported by strong IT services industry having good demand within the country
ØMost majors would like to supply domestic markets within India from a facility situated in India as well as make India an export hub
Aneesh Hegde
Chief Public Relations Officer South Western Railway, Hubballi
