Powered by: Motilal Oswal
24/02/2021 4:45:11 PM | Source: IANS
Union Cabinet okays PLI for IT, pharma sector
News By Tags | #642 #2998 #248
Union Cabinet okays PLI for IT, pharma sector

The Union Cabinet on Wednesday approved Production Linked Incentive (PLI)schemes for IT and pharma sectors.

It has also approved PLI for laptops, tablets, all in one personal computers and servers.

The five largest companies of the world manufacturing laptops or tablets will be brought to India and will be offered PLI, said Union Minister for Electronics and Information Technology and Communications, Ravi Shankar Prasad.

The development comes just a week after the Cabinet approved the PLI scheme for telecom equipment.

The push for domestic manufacturing cones in line with the government's vision of Atmanirbhar Bharat.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here