The Union Cabinet has set aside a budgetary outlay of 17,000 crore rupees (£1.65bn) for the second iteration of the scheme for this sector. IT hardware includes laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices.
Ashwini Vaishnaw, the Union Minister for IT and Telecom, has announced that the PLI 2.0 is expected to create 75,000 direct jobs along with over 2,00,000 indirect jobs, significantly increasing employment opportunities in the sector. Vaishnaw has indicated that companies like Dell, HP, Acer and Asus are looking at India.
Announced last week, the PLI scheme 2.0 could also generate exports and contribute towards forex (foreign exchange). A multiplier effect is that allied industries such as software development, e-commerce and logistics-supply chain-vendors could also benefit from the budgetary allocation for IT hardware.
A growing demand for computer hardware and peripherals has put the spotlight on IT hardware. E-commerce...