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

Most Popular

More from Author

Read Now

Gensol sees 2 more independent directors exit

NEW DELHI: Two more Gensol Engineering independent directors, Harsh Singh and Kuljit Singh Popli, have tendered their resignations amid the company facing allegations of misuse of funds, according to a regulatory filing on Thursday. On Wednesday, Gensol Engineering's independent director, Arun Menon, resigned, saying there...

7 easy ways to protect your credit cards while traveling

As you rush through busy terminals, juggling bags and boarding passes, your credit cards may be at risk, not just from pickpockets, but from digital thieves using high-tech tools like RFID (radio-frequency identification) skimmers. While today’s chip-enabled cards are more secure than old magnetic stripes, it’s still...

Wink Martindale, host of game shows “Tic-Tac-Dough” and “High Rollers,” dies at 91

Game show host Wink Martindale, known for "Tic-Tac-Dough," "High Rollers" and "Gambit," has died, according to his official Facebook page. He was 91."Wink was amazing, funny and talented," the post on his Facebook page reads. "Truly a LEGEND!"The host, born Winston Martindale, had...

Sainsbury’s profit set to dip as price war looms

Sainsbury's has forecast that shop profits will flatline or fall in the coming year as the supermarket sector gears up for a price war.The retailer said it expects income to dip to £1bn as it continues to invest in lowering grocery prices. Last week, Tesco admitted...

Try This Simple Trick To Turn Your Cooler Into An AC This Summer

Last Updated:April 17, 2025, 11:41 ISTUsing this ice-and-salt hack to your cooler allows it to blow colder air during extreme heat, and it is also a very cost-effective solutionWhile ice tends to melt quickly in the cooler, adding salt to it can help slow down the melting...

Ancient altar found in Guatemala jungle apparently used for sacrifices, “especially of children,” archaeologists say

An altar from the Teotihuacan culture, at the pre-Hispanic heart of what became Mexico, was discovered in Tikal National Park in Guatemala, the center of Mayan culture, demonstrating the interaction between the two societies, Guatemala's Culture and Sports Ministry announced this week.The enormous...

Meghan Markle breaks silence after claims she reaches out to King Charles

Meghan Markle has released a big statement after reports she offered olive branch to her father-in-law King Charles, saying...