[ad_1]
Plan For IT Hardware products such as personal computers, laptop, pills and servers, according to a source aware of the development.
Foreign companies looking for incentives under
Plan An investment of Rs 500 crore may have to be made in four years, while the limit for domestic firms is likely to be around Rs 20 crore for five years, the source said on condition of anonymity.
“MEITE (Ministry of Electronics and Information Technology) will soon seek the cabinet approval of the detailed guidelines and is expected to be implemented
Plan from the next financial year. The incentive outlay is likely to be around Rs 7,500 crore.
Government has announced cumulative production linked incentives of Rs 2 lakh crore for 10 sectors to boost domestic production Production After seeing the traction of global giants like Apple, contract makers, Samsung etc.
Plan in the mobile device segment.
According to mobile device industry body ICEA, India has the potential to increase its cumulative laptop and tablet manufacturing capacity to over Rs 7 lakh crore by 2025 through policy interventions.
India’s share of the global market may increase from 1 per cent to 26 per cent at present, due to increasing laptop and tablet PC manufacturing.
Find stories that interest you
In addition, it will create 5 lakh new jobs and generate cumulative inflow of foreign exchange of Rs 5.5 lakh crore and investment of over Rs 7,300 crore by 2025.
[ad_2]
Source link
