MEITY- IT Hardware
i) Major achievements in PLI being implemented by Ministry of Electronics and Information Technology:
The PLI Scheme for IT Hardware was notified on 03.03.2021. The last date for application is 30.04.2021.The scheme shall extend an incentive of 4% to 2% / 1% on net incremental sales (over base year) of goods manufactured in India and covered under the target segment (Laptop, Tablets, All in one PCs, Servers) to eligible companies, for a period of four years.The scheme is likely to benefit major global as well as domestic manufacturers of IT hardware products, namely, Laptops, Tablets, All-in-One PCs, and Servers. This is an important segment to promote manufacturing as there is huge import reliance for these items at present.
ii) Undertaking Global Reach:
The Global outreach plan mainly includes a two pronged approach. I) Identification and focused approach to Global Champion companies - The decision makers of global champion companies are identified and reach out is done through various channels, e.g., Indian Embassies abroad, Foreign Embassies in India, Electronics Industry Associations, Bank networks, Consultants, Supply chain companies, etc. One-to-one physical or VC meetings are conducted at various levels involving Minister, Secretary and Joint Secretary MeitY. The relevant materials, viz., Scheme Notification and Guidelines are translated into foreign languages (Korean, French, German, Mandarin, Japanese, Hebrew, etc.) and are shared with relevant stakeholders for wider dissemination. II) Promotion of the schemes through relevant stakeholders to reach a greater audience - Various Webinars, Round table and Panel discussions are organised through various stakeholders, like Indian Embassies abroad, Foreign Embassies in India, Electronics Industry Associations, OEMs and their Supply chain partners, Banks and consultant networks, etc. where details of the schemes are explained through Presentation and Q&A sessions. This approach helps in reaching out to new companies.
iii) What kind of value addition will be brought in by the PLI- new types of industries, encouragement to MSMEs/ancillarisation etc:.
The scheme is likely to benefit major global as well as domestic manufacturers of IT hardware products, namely, Laptops, Tablets, All-in-One PCs, and Servers. This is an important segment to promote manufacturing as there is huge import reliance for these items at present.
iv) Expected outcomes in terms of increase in investment, production, exports and employment:
Over the next 4 years, the PLI Scheme for IT Hardware is expected to lead to total incremental production of up to INR 3,26,000 crore, out of which more than 75% is expected to be exported. Also, it is expected that Domestic Value Addition for IT Hardware will rise to 20% - 25% by 2025 from the current 5% - 10%, due to the impetus provided by the scheme. The scheme will generate approximately 1.8 lakh employment opportunities in next 4 years.