Govt to soon launch incentive scheme for IT hardware
Union Minister of State for Electronics and IT Rajeev Chandrasekhar said that the centre will soon launch an information technology server and IT hardware production linked incentive (PLI) scheme, with additional incentives for those manufacturers and original equipment manufacturers (OEMs) that include Indian-designed IP into their systems and products.
The minister said, “With increasing digitalisation around the world, there has been an increase in the demand for products as well as talent. The supply chains are also being redesigned around concepts of trust and innovation and not on lines of price and efficiency as was done earlier. These are exciting times for all professionals connected to these sectors.”
The minister said by 2024 Indian startups will work with global majors and develop IP and devices that are either co-owned or owned by them with the support from the Semicon India Future Design program. He added that the country is working hard to develop global standard capabilities in the Semiconductor design, manufacturing and packaging ecosystem.
The centre is focusing on boosting semiconductor and electronics manufacturing with an aim to grow India’s share in the $3 trillion global electronics industry. The ministry of electronics and IT (MeitY) has previously announced a nearly $10 billion PLI scheme to encourage semiconductor and display manufacturing in the country. It aims to have domestic electronics hardware manufacturing worth $300 billion and $120 billion in exports by 2026.
The centre has announced a Future Design Programme that will design or co-design IP, tools or devices for the next generation of applications in India. It is also focused on Digital India RISC-V (DIR-V) programme for next generation microprocessors to achieve commercial silicon and design wins.
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