PRODUCTION LINKED INCENTIVE SCHEME FOR IT HARDWARE

About:

• The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.
  
  
• The Scheme shall, extend an incentive of 4% to 2% / 1% on net incremental sales (over base year i.e. 2019-20) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four (4) years.
  
  
• The scheme is likely to benefit 5 major global players and 10 domestic champions in the field of IT Hardware manufacturing including Laptops, Tablets, All-in-One PCs, and Servers.
  
  
• Financial Implications: The total cost of the proposed scheme is approximately Rs.7,350 crore over 4 years, which includes an incentive outlay of Rs.7,325 crore and administrative charges of Rs.25 crore.