17,000 new credit cards issued by ICICI linked to wrong users
Vandhe Bharat Passengers to only get half-a-litre water bottles; Boost & Horlicks no longer a health drink; IRCTC launches new Leh-Ladakh package and more....
HP, Dell and Lenovo emerged as the top three brands with market shares of 34%, 22% and 18% respectively
New Delhi: The government has approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities.
The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing.
Briefing reporters after a meeting of the Cabinet, Communications and IT Minister Ravi Shankar Prasad said the Cabinet cleared the about Rs 7,350 crore PLI scheme for IT hardware that would cover laptops, tablets, all-in-one PCs and servers.
The scheme would position India as a manufacturing hub, spur exports and create new jobs opportunities, Prasad added.
Incentives worth Rs 7,350 crore will be provided over four years for manufacturing of these products in India.
Production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore are estimated over the four year timeline.