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With reference to the Production Linked Incentive (PLI) Scheme for IT Hardware, consider the following statements:
1. The scheme proposes a production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.
2. The total cost of the proposed scheme is approximately Rs.70,000 crores over 4 years
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the Production Linked Incentive (PLI) Scheme for IT ...
The Union Cabinet chaired by the Prime Minister has approved the Production Linked Incentive (PLI) Scheme for IT Hardware.
  • The scheme proposes a production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.
  • The Scheme shall extend an incentive of 4% to 2% / 1% on net incremental sales (over base year i.e. 2019-20) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four (4) years.
  • The scheme is likely to benefit 5 major global players and 10 domestic champions in the field of IT Hardware manufacturing including Laptops, Tablets, All-in-One PCs, and Servers.
  • Financial Implications: The total cost of the proposed scheme is approximate Rs.7,350 crore over 4 years, which includes an incentive outlay of Rs.7,325 crore and administrative charges of Rs.25 crore.
  • Currently, the laptop and tablet demand in India is largely met through imports valued at USD 4.21 billion and USD 0.41 billion respectively in 2019-20.
  • The market for IT Hardware is dominated by 6-7 companies globally which account for about 70% of the world's market share.
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With reference to the Production Linked Incentive (PLI) Scheme for IT Hardware, consider the following statements:1. The scheme proposes a production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.2. The total cost of the proposed scheme is approximately Rs.70,000 crores over 4 yearsWhich of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Production Linked Incentive (PLI) Scheme for IT Hardware, consider the following statements:1. The scheme proposes a production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.2. The total cost of the proposed scheme is approximately Rs.70,000 crores over 4 yearsWhich of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Production Linked Incentive (PLI) Scheme for IT Hardware, consider the following statements:1. The scheme proposes a production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.2. The total cost of the proposed scheme is approximately Rs.70,000 crores over 4 yearsWhich of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Production Linked Incentive (PLI) Scheme for IT Hardware, consider the following statements:1. The scheme proposes a production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware.2. The total cost of the proposed scheme is approximately Rs.70,000 crores over 4 yearsWhich of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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