Rs 7,500 cr outlay for PLI scheme

The Ministry of Electronics and Information Technology has set the outlay for production-linked incentives to make laptops, tablets, personal computers and servers at Rs 7,500 crore.  The ministry is planning to roll out the scheme by April 1, after an in-principle clearance by the Cabinet. If laptops are pegged at over Rs 30,000 and tablets cost more than Rs 15,000, then foreign players would be eligible for incentives. This benefit, however, will not be available to domestic manufacturers.

According to officials familiar with this development, the government is likely to set different qualifying targets for domestic and overseas companies and offer benefits in the range of 2-4%. While the investment target for local companies would be Rs 20 crore (Rs 5 crore per year), it will be fixed at around Rs 500 crore spread over a period of four years (Rs 125 crore per year) for international players. However, the government is yet to decide the annual production targets over the base year that the firms need to fulfil to avail these benefits.

 

 

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