Cabinet approves Production Linked Incentive Scheme

Cabinet approves Production Linked Incentive Scheme – 2.0 for IT Hardware

Kharagpur, The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, today approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crore.

Context:

Electronics manufacturing in India has witnessed consistent growth with 17% CAGR in last 8 years. This year it crossed a major benchmark in production – 105 billion USD (about Rs 9 lakh crore)
India has become the world’s second largest manufacturer of mobile phones. Exports of mobile phones crossed a major milestone of 11 billion USD this year (about Rs 90 thousand crore)
The global electronics manufacturing ecosystem is coming to India, and India is emerging as a major electronics manufacturing country
Building on the success of Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet today approved PLI Scheme 2.0 for IT hardware

Salient features:

PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices
The budgetary outlay of the scheme is Rs. 17,000 crore
The tenure of this scheme is 6 years
Expected incremental production is Rs. 3.35 Lakh crore
Expected incremental investment is Rs. 2,430 crore
Expected incremental direct employment is 75,000

Significance:

India is emerging as a trusted supply chain partner for all global majors. Large IT hardware companies have shown keen interest in establishing manufacturing facilities in India. This is further supported by strong IT services industry having good demand within the country.

Most majors would like to supply domestic markets within India from a facility situated in India as well as make India an export hub.

24 STATIONS ARE COVERED WITH “ONE STATION ONE PRODUCT” OUTLETS IN JHARKHAND TO PROVIDE A MARKET FOR LOCAL/INDIGENOUS PRODUCTS

Ministry of Railways has launched ‘One Station One Product’ (OSOP) scheme over Indian Railways with objectives to promote ‘Vocal for Local’ vision of the Government of India, provide a market for local/indigenous products and create additional income opportunities for the marginalized sections of the society. Under the scheme, OSOP outlets at railway stations are allotted for showcasing, selling and giving high visibility to indigenous/local products. The pilot of the scheme was started on 25.03.2022 and as on 01.05.2023, altogether 728 stations are covered with 785 OSOP outlets in 21 States and 3 Union Territories across the country. In the State of Jharkhand, 25 outlets of ‘One Station One Product’ at 24 stations have been started. For uniformity, these OSOP stalls are designed through National Design Institute. Cumulative Direct Beneficiaries from March 2022 till 01.05.2023 is 25,109.

‘One Station One Product’ are specific to that place and include artefacts made by indigenous tribes, handlooms by local weavers, handicrafts like world famous wood carving, tribal jwellery, spices tea, coffee and other processed/semi processed food items/products indigenously grown in the area.

Details of ‘One Station One Product’ outlets in the State of Jharkhand are as under:

State

Total Number of Railway Stations (with OSOP Products)

Railway Stations

Major Products

Jharkhand

Adityapur, Barkakana,

Basukinath, Bhaga,

Bokaro Steel City,

Chakradharpur,

Daltonganj, Deoghar,

Dhanbad (2), Dumka,

Govindpur Road, Hatia,

Jasidih, Koderma,

Latehar, Muri,

NSC Bose Jn Gomoh,

Pakur, Parasnath, Ranchi,

Sahibganj, Silli,

Tatanagar and Tori.

Jute Bags, Pickles, Honey, Handicrafts, Semi Processed Food, Masala Tea, Ayurvedic Medicine, Natural and Herbal Products, Local Sweets, Tribal Jewelry, Clay Utensils, Pottery Items, Khadi Products, Cotton Textile

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