PLI scheme: 27 firms granted approval under new IT hardware

The PLI scheme aims to boost domestic manufacturing of IT hardware and make India a global hub for this sector

[{"selector":"#anim-c024c543-d66f-4ba5-8d0a-6136e965b0c2","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2c41eb4-b0f9-41ef-87d3-645efb422c63","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1333acff-2375-4196-8cac-18438c33aecb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

27 major IT hardware companies have been granted approval under the scheme

[{"selector":"#anim-074d9fae-e5e0-48f9-a919-7668d1e21cfc","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9603d6c-6ade-4279-9adf-834652530c39","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22aa243c-adbb-423e-bb9d-23f9ebc15cd3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

These companies plan to invest a total of Rs 3,000 crore in setting up manufacturing facilities in India

[{"selector":"#anim-96ece558-45aa-4d32-bb85-19964e8d238a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8c415c55-70f8-451f-9efe-637dd1f17e5c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The government expects to achieve its target of manufacturing 50% of India's IT hardware requirements domestically by 2025.

[{"selector":"#anim-3c327c13-7160-46e9-941d-d96355d3d84a","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c801cfcc-bb98-43a2-8b70-7886e0635e0a","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The PLI scheme is expected to create jobs and boost economic growth in India.

[{"selector":"#anim-c402b6a2-bc86-4ce1-a1cc-f2ebc838ff0a","keyframes":{"transform":["translate3d(-119.59459%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c40acf0-cd91-455e-b768-b3605946608d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-57185c2b-246b-42e1-9e99-fd072fb14c8a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The scheme is also expected to attract foreign investment into India's IT hardware sector.

[{"selector":"#anim-dc6e09c3-2c14-4d6d-8071-f9eabfc9157c","keyframes":{"transform":["translate3d(116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abd99fa2-6905-46ad-9262-24097a4f1493","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56383535-4fc2-4b6d-9c19-0611a141e46b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The PLI scheme is a part of the government's larger initiative to make India a global manufacturing hub.

[{"selector":"#anim-7fbd2d9f-461a-4b37-acb3-9fd5ed029eb6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fea9fe0c-a3ab-4fc9-bf55-a741b3fed712","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The government has also launched other PLI schemes for different sectors, such as pharmaceuticals and electronics.

[{"selector":"#anim-93dc73d4-e6e7-4d1e-b29a-4174ac784e09","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d6bb75a4-af8d-4e05-96d2-ce9a476d3962","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

CLICK Here...

[{"selector":"#anim-07217bed-f586-41b2-89fe-4222c2c5ec8f","keyframes":{"transform":["translate3d(-115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-114e8d0f-5c94-448e-aa93-ecc01383f20a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-821dd9a9-9386-4ebd-89e5-e89d2fd6c22f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5179c497-2c1b-4266-8e13-298e5630cee6","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]