Cabinet approves Production Linked Incentive Scheme – 2.0 for IT Hardware

Published By : Admin | May 17, 2023 | 15:59 IST

The Union Cabinet, chaired by the Hon'ble Prime Minister Shri Narendra Modi, today approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crore.

Context:

  • Electronics manufacturing in India has witnessed consistent growth with 17% CAGR in last 8 years. This year it crossed a major benchmark in production – 105 billion USD (about Rs 9 lakh crore)
  • India has become the world’s second largest manufacturer of mobile phones. Exports of mobile phones crossed a major milestone of 11 billion USD this year (about Rs 90 thousand crore)
  • The global electronics manufacturing ecosystem is coming to India, and India is emerging as a major electronics manufacturing country
  • Building on the success of Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet today approved PLI Scheme 2.0 for IT hardware

 

Salient features:

  • PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices
  • The budgetary outlay of the scheme is Rs. 17,000 crore
  • The tenure of this scheme is 6 years
  • Expected incremental production is Rs. 3.35 Lakh crore
  • Expected incremental investment is Rs. 2,430 crore
  • Expected incremental direct employment is 75,000

 

Significance:

  •  India is emerging as a trusted supply chain partner for all global majors. Large IT hardware companies have shown keen interest in establishing manufacturing facilities in India. This is further supported by strong IT services industry having good demand within the country.

Most majors would like to supply domestic markets within India from a facility situated in India as well as make India an export hub.

 

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PM chairs valedictory session of National Departmental Summit on Water
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Emphasising Jan Bhagidari, PM calls for promoting Jal Utsav to deepen public awareness on water conservation
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Prime Minister Shri Narendra Modi today chaired the valedictory session of the two-day National Departmental Summit on Water, organised by the Ministry of Jal Shakti. The Summit is the first in a series of Departmental Summits envisioned by Prime Minister to strengthen the spirit of Team India, deepen cooperative federalism and foster collective ownership of national priorities through closer collaboration between the Centre and the States. It brought together Ministers and senior officials from States and Union Territories for focused deliberations on various dimensions of India’s water security.

Prime Minister appreciated the intensive two-day deliberations and emphasised that the actionable and time-bound action points emerging from the Summit should be pursued through a continuous process of review and learning. He suggested that the Summit should not remain a one-time exercise and called for a continuous process of review and follow-up.

Prime Minister called for sensitising Urban Local Bodies to the challenges arising from urbanisation, including population growth and future water requirements, and suggested organising similar Chintan Shivirs for Urban Local Bodies. He called for greater adoption of water-saving technologies. He also suggested dedicated exhibitions and workshops, including exposure to global best practices, to enable Indian manufacturers and stakeholders to develop and scale efficient solutions.

Emphasising Jan Bhagidari, Prime Minister suggested promoting “Jal Utsav” to create greater awareness among people. Prime Minister called for making de-silting a regular programme and developing clear criteria and SOPs for de-silting. On dam safety, he stressed rigorous preparedness before every monsoon, adherence to prescribed precautions and creating awareness among school students, including through suitable incorporation in educational curricula.

Prime Minister further called for strengthening knowledge and capacity on water management and governance in universities and higher educational institutions. He suggested structured inter-State study-visits involving public representatives, officials and farmers to facilitate practical learning and replication of successful interventions.

Prime Minister called for robust water data governance, with water-sector data brought together, systematically managed, analysed and effectively utilised. He recommended the use of AI for data collection and analysis through a uniform format. He also stressed anticipatory and integrated planning to address water scarcity through suitable utilisation of treated water for agriculture and industrial purposes.

Drawing upon his experience as Chief Minister of Gujarat, Prime Minister noted that instances of water scarcity could be transformed into opportunities through systematic planning, commitment and deployment of adequate resources and capable officers.

Union Minister for Jal Shakti Shri C. R. Patil highlighted four key outcomes of the summit: accelerated completion of water infrastructure projects; strengthening water conservation as a sustained people’s movement; ensuring long-term sustainability of drinking-water sources; and institutionalising effective operation and maintenance of rural drinking-water schemes.