THE IT AND electronics industry welcomed the government's announcement on the revised production linked incentive (PLI) scheme for IT hardware by increasing the outlay to over two times to ₹17,000 crore. With improved incentives and outlay, the government aims to push local manufacturing of IT hardware such as laptops, tablets, desktops, and servers, among other products. On its part, the industry said that this the best time for global firms to shift their manufacturing base from China to India.
"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. This is an opportune moment to shift IT hardware manufacturing towards India," Pankaj Mohindroo, chairman of India Cellular and Electronics Association (ICEA), said.
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