Centre extends application date for second phase of PLI scheme for IT hardware

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ET OnlineLast Updated: Jul 14, 2023, 06:03 PM IST

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In May, the Centre had notified the second phase of the production-linked incentive (PLI) scheme for IT hardware with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan, aimed at attracting global companies like Dell, HP, Apple, and Samsung to manufacture in India.

PLI scheme for IT hardware mfg — Representative Image

The government extended the application date for the production-linked incentive (PLI) scheme for IT hardware on Friday. Interested companies or applicants can now apply until July 31, 2013.

In May, the Centre had notified the second phase of the production-linked incentive (PLI) scheme for IT hardware with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan, aimed at attracting global companies like Dell, HP, Apple, and Samsung to manufacture in India.

The revised scheme was notified in the Gazette after the Union Cabinet approved it on May 17. The new scheme will extend an average incentive of around 5%—more than double the 2% incentive offered in the previous version — to make laptops, tablets, all-in-one PCs, servers, and ultra small form factors in India.

The new scheme has added flexibilities in both tenure and investments for participants. While the total tenure of the scheme is six years, applicants have the choice to choose 2023, 2024, or 2025 as the base year for investment and calculating incremental sales.

Friday, 14 Jul, 2023

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