shade
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For electronics/IT Hardware PLI Dell, Foxcon, the other Taiwanese ESDM groups and like 10 different Indian companies have applied.If companies don't want to apply for this scheme, what do you expect Government to do?
Current drama is over these phoren companies wanting juicier gibs, up to 4% from current 2.2%, and overal outlay of gibs hiked to 20,000 cr from current 7000 cr, since unlike smartphones they can import Laptops and other computers in India at 0% duty thanks to some ITA-1 agreement of the WTO we signed in 1996.
IT hardware PLI not attractive enough
Govt must put in place chunkier incentives, of closer to 3-4% and not the measly 2.2% that it is offering now
www.financialexpress.com
They want more juicier gibs, you can read in article above, and it's not entirely beyond reason, globally this segment is controlled by chinks, Laptops, AIOs and Servers, we have little to no presence.
Original article on which all triggering in this thread is based is below
Hardware PLI: Govt cuts manufacturing target by half
The global manufacturing hubs are limited to a handful of countries with China being the predominant supplier to the world 66% market share (2019); $100 billion in value).
www.financialexpress.com