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Budget 2024 expectations – PLI scheme to GST reduction, budget expectations from the tech industry

The Budget 2024 is set to be tabled on July 23 by the finance minister Nirmala Sitharaman and like …

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2 mins read

Production Linked Incentive scheme for drones to kickstart industry, not permanent subsidy: Piyush Goyal

The Production-Linked Incentive (PLI) Scheme for drones and drone components is a Kickstarter for t…

ANI   


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"27 companies have been approved for PLI": Ashwini Vaishnaw on India's IT hardware revolution

Vaishnaw said, "As you're aware, a few months back, PM Modi approved the Production Linked Incentiv…

ANI   


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Centre launches IT hardware PLI 2.0 with ₹17,000 crore outlay

The Centre on Wednesday approved an updated production linked incentive (PLI) scheme for IT hardwar…

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1 min read

Government announces ₹12,000 crore PLI scheme for telecom sector

The Cabinet has approved production-linked incentive (PLI) scheme for telecom equipment manufact…

PTI   


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India is reportedly in talks with TSMC, Intel and other semiconductor giants to set up local production plants in the country

In a bid to push the semiconductor industry, which is in nascent stages, the Indian government is w…

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India makes a $10 billion bet to woo chip makers at home

China Plus One refers to reducing dependency on supply chains only in China, and diversifying bu…

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PC manufacturers meet MeitY officials on import curbs, seek solutions

As PC and laptop makers urge the government to rethink its decision on import licensing requirement…

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5 mins read

India tweaks licensing norms for laptop, computer imports; online authorisation system introduced

The government on Thursday tweaked the cumbersome licensing norms to import IT hardware products li…

PTI   


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Checkout chip makers’ stocks that surged on PLI scheme; industry leaders feel the move will make India self-reliant

Finally, some of the semiconductor shortage will hopefully ease after the Indian government announc…

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Indian government wants its IT hardware industry to be as globally successful as TCS, HCL Tech and Infosys — announces PLI scheme worth ₹7,250 crore

The Indian government’s aim is to make Indian IT hardware as successful as Indian IT services — whi…

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Apple, HP Dell and others seek Nov 1 laptop import restriction deadline extended by a year

Top consumer electronics companies like HP, Apple and Dell have urged the government to extend the …

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2 mins read

India saw production worth ₹67,275 crore under PLI for large-scale electronics, reveals Economic Survey 2021-22

According to the Survey, under the PLI scheme for IT hardware (notified on March 3, 2021) the …

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Foxconn commits to double employment, investments in India

iPhone-maker Apple's supplier Foxconn has committed to doubling employment, investments and busines…

PTI   


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SIMPLY PUT: Watch out for production linked incentives in the budget⁠ — here’s how it will work

The Production-Linked Incentive (PLI) scheme was introduced by the government to incentivise and bo…

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6 mins read

India needs chipset manufacturers — lots of them. Here is why.

A few months back, when the companies worldwide started recovering from the pandemic-hit lows, they…