India’s manufacturing sector is going to become an engine for economic growth and a unique job creator in the country. The government has finalised the norms for Production Linked Incentive (PLI) scheme for the telecom and networking equipment and has started inviting applications for the second round of large-scale electronics manufacturing with focus on some electronic components like motherboards, semiconductor devices, among others.
The COVID-19 pandemic has permanently changed device usage patterns of employees and consumers as the remote work is turning into hybrid work, home education changing into digital education and interactive gaming moving to the cloud, both the types and number of devices people need, have and use will continue to rise. In 2021, the number of laptops and tablets in use will increase to 8.8% and 11.7%, respectively, while the number of desktop PCs in use is expected to decline from 522 million in use in 2020 to a forecasted 470 million in use in 2022.
The environment is now conducive for overseas component manufacturers to shift their facilities to India. As the nation’s telecom sector stands poised to transition from 4G to 5G soon, the PLI scheme offers the right impetus by aiming to create a vibrant telecom manufacturing ecosystem.
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MNC's finding PLI scheme lucrative for manufacturing in India.
India’s manufacturing sector is going to become an engine for economic growth and a unique job creator in the country. The government has finalised the norms for Production Linked Incentive (PLI) scheme for the telecom and networking equipment and has started inviting applications for the second round of large-scale electronics manufacturing with focus on some electronic components like motherboards, semiconductor devices, among others.
The COVID-19 pandemic has permanently changed device usage patterns of employees and consumers as the remote work is turning into hybrid work, home education changing into digital education and interactive gaming moving to the cloud, both the types and number of devices people need, have and use will continue to rise. In 2021, the number of laptops and tablets in use will increase to 8.8% and 11.7%, respectively, while the number of desktop PCs in use is expected to decline from 522 million in use in 2020 to a forecasted 470 million in use in 2022.
The environment is now conducive for overseas component manufacturers to shift their facilities to India. As the nation’s telecom sector stands poised to transition from 4G to 5G soon, the PLI scheme offers the right impetus by aiming to create a vibrant telecom manufacturing ecosystem.
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MNC's finding PLI scheme lucrative for manufacturing in India
Technology video | 112 views
Production Linked Incentive Scheme (PLI) was launched by the Government to boost manufacturing in India. We continue to see gaming PCs and monitor sales at all-time highs and Chrome-based devices are expanding beyond education into the consumer market. In retrospect, the pandemic not only fueled PC market demand but also created opportunities that resulted in a market expansion. The government of India had introduced the PLI scheme offering incentives to companies manufacturing in 10 key sectors in the country. It has aimed at making manufacturers globally competitive and attract investment in the areas of core competency. The scheme is targeted at making the country an integral part of the global supply chain. Production linked incentive scheme is likely to boost the manufacturing output in 5-Years.
PM Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about ₹ 2 lakh crore was earmarked for the PLI scheme for the next five years and 'there is an expectation that the scheme would result in increasing the production by about 520 billion dollars in the next five years . This is one of the best ways to encourage local companies to make their presence felt in telecom manufacturing. Telecommunications sector has played a pivotal role in facilitating growth of the economy and is a key enabler of digital connectivity and Digital India. Soon after the announcement of the PLI scheme for electronics manufacturing, the Centre cleared the names of 16 companies. Over the next five years, these Indian entities have proposed a production output of Rs1.25 lakh crore.
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Technology video | 162 views
The #ProductionLinkedIncentive (PLI) scheme 2.0 has the potential to make India a China+ IT hardware manufacturing hub. The scheme offers incentives to companies that set up manufacturing plants in India for a range of IT hardware products, including semiconductors, display panels, and mobile phones.
In yet another significant stride for the Modi government’s efforts towards ‘Atmanirbhar Bharat,’ as many as 38 hardware manufacturers have applied for licenses under the renewed Production-linked incentives schemes (PLI 2.0) to set up manufacturing bases in the country.
The PLI scheme 2.0 for IT hardware to make India manufacturing bases
Technology video | 117 views
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New India is boosting growth and self-reliance through PLI scheme.
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News video | 4 views
PLI Scheme Going To Be Huge Boost For ‘Make In India’: DPIIT Secretary | Catch News
Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain on November 26 said that response to the Production-Linked Incentive (PLI) scheme for White Goods has been great and termed the scheme as a boost for the ‘Make in India’ initiative of the Centre.
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PLI Scheme Going To Be Huge Boost For ‘Make In India’: DPIIT Secretary | Catch News
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The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, which was chaired by Prime Minister Narendra Modi.
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Cabinet approves solar and white goods PLI scheme worth Rs 6,238 crore
News video | 339 views
FICCI along with, Knowledge Partner, BDO India, is organizing a webinar on Production Linked Incentives (PLI) Scheme for Pharmaceuticals Industry. The Webinar will information on the Coverage, Eligibility, Exclusions for Pharmaceutical Industry under the scheme. The Process and Time period for applications, approval, Operative Period, Details of Opportunity areas under Pharmaceuticals, and Comprehensive analysis of the Scheme, incentive layout, progress so far will also be discussed.
PLI scheme for Pharmaceuticals Industry
News video | 219 views
Centre Approves PLI Scheme For Auto Industry | Catch News
The central government has approved Production Linked Incentive (PLI) Scheme for auto industry on September 15. “The government has approved Production Linked Incentive (PLI) scheme for auto industry, auto-component industry, drone industry to enhance India's manufacturing capabilities.
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 80 views
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 446 views
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 497 views
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 45 views
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Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
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The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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