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Union Minister of State for Electronics and IT Rajeev Chandrasekhar has said government will soon launch an information technology server and IT hardware production linked incentive (PLI) scheme. The scheme will provide additional incentives for manufacturers and original equipment manufacturers (OEMs) who incorporate Indian-designed IP into their systems and products.

He further said the government has announced Future Design Programme, which invests $ 200 million in startups that will design or co-design IP, tools or devices for the next generation of applications in India.

He mentioned ‘By 2024, we believe India would have stepped into the semiconductor manufacturing space and catalysed a more domestic design and innovation ecosystem where we are encouraging startups to work with the leading global majors to develop IP, to develop devices either co-owned or owned for which the government has announced Future Design Programme.’