HomeBusinessPLI 2.0 For IT...

PLI 2.0 For IT Hardware Sees Rs 10,000 Crore Production, 3,900 Jobs In Just 18 Months | Economy News

New Delhi: The production-linked incentive (PLI) 2.0 scheme for IT Hardware has seen Rs 10,000 crore production and 3,900 jobs in just 18 months of its launch, the government said on Saturday.  India’s electronics manufacturing sector has grown exponentially over the past decade, with total production increasing from Rs 2.4 lakh crore in 2014 to Rs 9.8 lakh crore in 2024.

Mobile manufacturing alone has reached Rs 4.4 lakh crore, with exports at Rs 1.5 lakh crore in 2024. About 98 per cent of the mobile phones used in India are now being manufactured in India with smartphones becoming the fourth largest export item from India, the statement said.

With the support of MeitY, Tamil Nadu has emerged as a powerhouse in electronics manufacturing, driving Rs 1.3 lakh crore production and 30 per cent of India’s exports.

In a groundbreaking development for India’s electronics manufacturing sector, the production of laptops has started in the country with Union Minister of Electronics and IT, Ashwini Vaishnaw, inaugurating Syrma SGS Technology’s state-of-the-art laptop assembly line on Friday.

The new assembly line will initially produce 100,000 laptops annually, with a scalable capacity of up to 1 million units within the next 1-2 years. Syrma SGS currently operates four manufacturing units in Chennai, with its Unit 3 now initiating laptop production, according to IT Ministry.

Syrma SGS has partnered with Micro-Star International (MSI), a leading Taiwanese technology company, to manufacture high-quality laptops in India, catering to both domestic and global markets.

Within a short span of 18 months of PLI 2.0, the first unit is now up and running in Tamil Nadu marking the beginning of “Made in India” laptops. The initiative, part of the PLI 2.0 scheme for IT Hardware, highlights India’s growing capabilities in high-value electronics production and reinforces the nation’s self-reliance in IT hardware, an official statement said.

The facility is projected to generate 150-200 specialised jobs in electronics manufacturing by FY26, making a substantial impact on both Tamil Nadu’s regional and India’s national economy. These roles are anticipated to have a ripple effect, shaping and enhancing the future workforce in the sector.

The laptops produced will meet international quality benchmarks, showcasing India’s evolving technical and manufacturing prowess, according to an official statement.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

Urban Company files for Rs 1,900 crore IPO with Sebi

Urban Company files draft papers for IPO NEW DELHI: Urban Company has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to raise Rs 1,900 crore. According to its Draft Red Herring Prospectus (DRHP), the IPO will...

The Pilgrimage to Vaishno Devi: Realigning with the Energy of the Universe

Last Updated:April 28, 2025, 21:32 ISTAs we walk, meditate, pray, and serve together, we are not merely transforming energy grids.Vaishno Devi Shrine (PTI)‘You have to grow from the inside out. None can teach you, none can make you spiritual. There is no other teacher but your own...

Jiggly Caliente, drag queen who gained national prominence on “RuPaul’s Drag Race,” dies at age 44

Jiggly Caliente, a beloved drag queen who competed on "RuPaul's Drag Race" and transgender rights activist, has died at the age of 44, her family said in a statement posted on social media Sunday.Bianca Castro-Arabejo, known by her stage name Jiggly Caliente, was going...

British Steel raw materials arrive to keep Scunthorpe plant going

The government says it has secured the raw materials needed to keep the British Steel plant at Scunthorpe going "for the coming months" into the summer.Ministers announced 55,000 tonnes of blast furnace coke arrived from Australia at the port of Immingham on Saturday and would be transferred...

UK burnt area for 2025 already beats annual record

Mark Poynting and Erwan RivaultBBC Climate & Data teamsPlanet LabsThe area of the UK burnt by wildfires so far this year is already higher than the total for any year in more than a decade, satellite data suggests.More than 29,200 hectares (292 sq km or 113 sq...

Dove Cameron credits ‘Descendants’ movies for her growth

Dove Cameron has reflected on her Descendants role after ten years.Speaking with People Magazine, the actress and singer credited...

Car purchases rise, consumer spending slows

In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas.Brandon Bell | Getty ImagesAt car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have...

‘The Accountant 2’ | Anatomy of a Scene

“Hi, My name is Gavin O’Connor, and I’m the director of “Accountant 2.” So this scene takes place deep into the second act of the movie. And we are at a bunkhouse. It’s a cowboy joint. And Chris, who’s played by Ben and Brax, who’s played by...

How secure is my password? Use this test to find out

The RockYou2024 leak, which exposed almost 10 billion passwords in July of last year, might seem like old news, but its impact is still felt today.  It's considered the largest password compilation ever released. With such a vast collection of breached credentials circulating, the risk of credential stuffing,...