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

The Fed cut its interest rate, but mortgage costs went higher

Torsten Asmus | Istock | Getty ImagesLonger-term Treasury yields jumped this...

GST 2.0 impact: Companies rush to hire temporary staff; rate cuts expected to boost festive buying

Companies across consumer electronics, e-commerce, automobiles, retail, logistics, and...

- A word from our sponsors -

spot_img

Read Now

The Fed cut its interest rate, but mortgage costs went higher

Torsten Asmus | Istock | Getty ImagesLonger-term Treasury yields jumped this week, flying in the face of the Federal Reserve's interest rate cut, as bond investors didn't get the assurances they sought.The 10-year Treasury yield jumped as high as 4.145% after briefly falling below 4% this week....

GST 2.0 impact: Companies rush to hire temporary staff; rate cuts expected to boost festive buying

Companies across consumer electronics, e-commerce, automobiles, retail, logistics, and FMCG are rushing to hire temporary staff as India’s festive season kicks off, following reduced GST rates from September 22. Industry experts say many shoppers had postponed purchases earlier this season, which dented sales, but with...

From Fishing Village To The Moon: How ISRO Made Every Indian Dream Bigger | India News

When Rakesh Sharma looked down at Earth from space in 1984 and said "Saare Jahan Se Achha," he wasn't just describing what he saw—he was capturing what India could become. Today, as we celebrate ISRO's incredible journey from a small fishing village in Kerala to landing on...

Lola Young says she’s ready to “put a stamp on music” following breakout success

British singer-songwriter Lola Young says she's the "happiest ever been ever" after years of mental health struggles that nearly derailed her promising career.At 24 years old, Young may appear to be an overnight sensation after her breakout hit "Messy" went viral online...

Labour must step up to help JLR supply chain jobs, says Unite

Ed Jamesin Solihull andChloe HughesWest MidlandsJason RichardsUmesh Samani, chairman of the Independent Motor Dealers Association, based in Stoke-on-Trent, which has more than 1,000 members, said most independent dealers were saying they were not currently badly affected.However he said the lack of clarity around when operations at JLR...

‘HIM’ | Anatomy of a Scene

new video loaded: ‘HIM’ | Anatomy of a ScenetranscriptBacktranscript‘HIM’ | Anatomy of a SceneThe director Justin Tipping narrates a scene from “HIM,” featuring Marlon Wayans and Tyriq Withers.“Hi, My name is Justin Tipping and I’m the director of “HIM.” “I’m going to need a little volunteer.” Mr....

Hyundai outlines ambitious growth plans for company in U.S.

Jose Munoz, president and CEO, Hyundai Motor Company, speaks during a media tour and grand opening at the Hyundai Motor Group Metaplant America, March 26, 2025, in Ellabell, Ga.Mike Stewart | APNEW YORK — Hyundai Motor reinforced aggressive growth plans Thursday through the end of the decade,...

As good as new: Save on tech for the new school year with Back Market

The start of a new school year can be an eye-wateringly expensive time for parents. Whether your kids are heading to primary school for the first time, or donning an oversized blazer for their step up to secondary, the September school bell usually coincides with an expensive...

Australia announces higher emission cuts by 2035

Australia, one of the world's biggest polluters per capita, will aim to cut its carbon emissions by at least 62% compared to 2005 levels over the next decade.The nation - which has faced global criticism for its continued reliance on fossil fuels - had previously pledged to...

PBS series “Human” explores the journey of how we became who we are

PBS series "Human" explores the journey of how we became who we are - CBS News ...