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

Blue badge holders should not pay airport drop-off fees, charity says

Mitchell LabiakBusiness reporter, BBC NewsGetty ImagesAll UK airports should stop charging blue badge holders for being dropped off close to terminals, a disability charity has said.Several people with blue badges got in touch with the BBC following news that more than half of the busiest airports had...

James Gunn defends his brother Sean’s cameo in ‘Peacemaker’

James Gunn recently called his brother Sean Gunn’s cameo in the Peacemaker season 2 premiere “perfect.”In a talk with...

What wealthy parents need to know about giving real estate to heirs

A local house with a porch in Edgartown on Martha's Vineyard, Massachusetts, USA.Wolfgang Kaehler | Lightrocket | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight...

AP Dhillon's 'Thori si Daaru' hit or hangover?

Indo-Canadian Pop rap icon Amritpal Singh or AP Dhillon returned last month with another single called “Thodi Si Daaru,” featuring guest singer Shreya Ghoshal.  The chorus of this track makes you want to donate your headphones to a local charity. AP delivers a catchy and almost nursery rhyme-like...

New ‘sail-backed’ dinosaur named after Dame Ellen MacArthur

PA/James BrownDame Ellen, founder and patron of the East Cowes based charity the Ellen MacArthur Cancer Trust, said: "It is certainly not an everyday occurrence to be asked if a newly discovered dinosaur could reference your name in its title."I was somewhat taken aback when this conversation...

Street Dog Sterilisation In Delhi: Who Does It? What’s The Cost? Guide For ‘Rabies-Free’ Strays In Your Area | New-delhi-news News

Last Updated:August 22, 2025, 17:10 ISTThe issue of sterilising stray dogs comes under the purview of state governments, and local bodies have the mandate to manage related matters.Several clinics in Delhi-NCR that offer sterilisation services for street dogs. (Photo Credit: X)The Supreme Court has modified its order...

3I/ATLAS comet might generate light through nuclear power, physicist says

NEWYou can now listen to Fox News articles! A Harvard physicist who sounded the alarm earlier this month about a rare interstellar object passing through our solar system — suggesting it might be more than a comet — now says it could even be a...