2021-02-24 12:02:52
India approved a Rs. 7,350-crore plan to boost local manufacturing and exports of IT products such as laptops, tablets, personal computers, and servers, the technology minister said.
The production-linked incentive (PLI) plan will help India export IT goods worth Rs. 2,45,000 crore, minister Ravi Shankar Prasad told a news conference.
It provides manufacturers cash-backs of between 1 percent and 4 percent of additional sales of locally made goods over four years, with 2019-2020 as the base year.
“The focus of the scheme is to get global champions to India and to make national champions out of local manufacturers,” Prasad said, adding that the plan could create roughly 180,000 jobs.
The PLI plan is also likely to help US tech giant Apple assemble some of its iPad tablets in India, Reuters previously reported.
Prime Minister Narendra Modi’s policy push in the electronics sector has prompted Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron to set up base there.
The three Taiwan companies have committed to invest roughly $900 million (roughly Rs. 6,510 crores) to make iPhone models in India as part of a $6.7 billion (roughly Rs. 48,470 crores) PLI plan launched by the government last year.
Modi’s strategy, coupled with India’s huge market, have also helped turned the country into the world’s second-biggest mobile maker after China.
New Delhi now wants to replicate the success of smartphone manufacturing with other electronics in a bid to cut imports.
The federal cabinet last week approved a $1.68 billion (roughly Rs. 12,150 crores) plan to promote local manufacturing and export of telecoms and networking gear.
© Thomson Reuters 2021
Is Samsung Galaxy S21+ the perfect flagship for most Indians? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
tadalafil 40: http://tadalafilonline20.com/ tadalafil tablets
buy prescription drugs trusted india online pharmacies
mexican viagra buying viagra online
online doctor prescription for viagra
where to buy viagra online viagra from india
viagra over the counter
http://paxil100.com/ – paxil generic
website
http://zithazi.com/ – zithromax generic price
ed remedies
viagra cost https://viagrapills100.com/ viagra 100mg price
viagra over the counter walmart https://viagrapills100.com/ cheap viagra online
cheap ed pills usa cheap ed pills from canada
buy ed pills from canada
buy ed drugs cheap ed pills in mexico
order ed pills
http://prednisonest.com/# prednisone 10mg tablets
https://hydroxychloroquinest.com/# plaquenil 200 mg canada
https://gabapentinst.com/# neurontin 800 mg capsules
https://hydroxychloroquinest.com/# plaquenil order online
https://gabapentinst.com/# can i buy neurontin over the counter
http://hydroxychloroquinest.com/# buy plaquenil 10mg
http://zithromaxproff.com/# where to get zithromax
buy zithromax online with mastercard
ketoconazole tablets: cefadroxil capsules
buy ampicillin generic
india pharmacy without dr prescriptions: trusted india online pharmacies prescriptions from india
meds from india: india pharmacy mail order best india pharmacy
best online international pharmacies india: indian online pharmacies review all generic meds from india
levitra pills: https://edpillsonline24.com/# kamagra pills
levitra pills: https://edpillsonline24.com/# male erectile pills
cialis ed pills: https://edpillsonline24.com/# cialis pills
viagra walgreens: viagra without a doctor prescription non prescription viagra
how much viagra should i take the first time?: no prescription viagra buying viagra online without prescription
100mg doxycycline: doxycycline – doxycycline hyc
amoxicillin capsule 500mg price: amoxicillin 500mg buy online uk – amoxicillin over counter
how much is amoxicillin prescription: cheap amoxicillin – can you purchase amoxicillin online
doxycycline 150 mg: doxycycline antibiotic – price of doxycycline
https://paxilst.com/# paxil online