PM Modi rolls out PLI 2.0 for IT hardware


Rama Krishna Sangem

The Union Cabinet, chaired by Prime Minister Narendra Modi, on May 17, Wednesday approved the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware with a budgetary outlay of Rs 17,000 crore. PM Modi  has taken this initiative to encourage IT hardware in view of success of mobile exports from India in 2022-23 year. 

Electronics manufacturing in India has witnessed consistent growth with a 17 per cent compound annual growth rate (CAGR) in the last 8 years to cross a major benchmark in production — USD 105 billion (about Rs 9 lakh crore) — this year. “For IT PLI, the budgetary outlay is Rs 17,000 crore. The tenure of the programme is 6 years,” Union Minister for IT and Telecom Ashwini Vaishnaw told reporters after the cabinet meeting.

PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices. The minister said the scheme is expected to lead to incremental production of Rs 3.35 lakh crore, incremental investment of Rs 2,430 crore and create incremental direct employment for 75,000 people during the scheme period.

The government in February 2021 approved the PLI scheme for IT hardware, covering the production of laptops, tablets, All-in-One PCs and servers with an outlay of Rs 7,350 crore. However, industry players had requested the government to enhance outlay for the segment.

PLI Scheme, launched in April 2020 with a focus on mobile phone production, has given a massive boost to electronics manufacturing in the country. India has become the world’s second-largest manufacturer of  mobile phones. Exports of mobile phones crossed a major milestone of USD 11 billion (about Rs 90 thousand crore) in March.

The global electronics manufacturing ecosystem is coming to India, and it is emerging as a major electronics manufacturing country. Building on the success of the Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet has approved hardware. IT  industry has expressed happiness over the PLI 2.0 scheme roll out on May 17


Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at