
Cabinet approves ₹17,000 cr PLI scheme for IT hardware
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
According to the ministry, the total incentive is ₹120 crore spread over three financial years. It is nearly double the combined turnover of all domestic drone manufacturers in FY2020-21.
Critical policies like import barriers, providing PLIs, keeping out of mega trading blocs of RCEP and IPEF call for a mandatory review before new policy formulations
The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.
India's trade deficit ballooned to $83.5 billion in FY22, a manifold rise from Covid-hit year of 2020-21 when it was $13.2 bn, shows govt data
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
Indian non-financial private sector debt and non-financial corporate debt as a share of GDP declined by nearly thirty percentage points in the last decade
The three primary assets to capitalise on this opportunity are potential for significant domestic demand, govt’s drive to encourage manufacturing and young workforce.
Satcom Industry Association of India has also sought a tax holiday regime and Goods and Services Tax incentives for organisations and entities engaged in the space sector.
Assocham also called for relief on the direct tax front, given the buoyancy witnessed in tax collection in the current financial year.