New Delhi, May 18 (KNN) The India Cellular and Electronics Association (ICEA) has welcomed the government’s revised Production Linked Incentive (PLI) for IT hardware that included laptops, servers and tablets.

ICEA Chairman Pankaj Mohindroo said, “This revised PLI scheme will not only foster domestic manufacturing but also likely to benefit major global manufacturers of IT hardware products such as laptops and tablets.”

“This well-drafted scheme embodies Prime Minister Narendra Modi’s commitment to establishing India as a global electronics manufacturing hub. It will ensure investments across the IT hardware value chain, demonstrating the government’s receptiveness to industry inputs and their determination to translate words into action,” he said.

Centre in the revised PLI scheme has increased its budgetary outlay to Rs 17,000 crore and expanded its tenure to six years.

With an anticipated incremental investment of Rs 2,430 crore, the scheme aims to generate an incremental production amounting to Rs 3,35,000 crore.

Moreover, the PLI 2.0 is expected to create 75,000 direct jobs along with over 2, 00,000 indirect jobs, and significantly increasing employment opportunities in the sector.

The Industry has lauded the government’s move as it will strengthen India’s electronic and IT hardware industry further and its presence in the global value chain.  (KNN Bureau)