|| SHANIWAR SAMWAD || 10-06-2023

 Second PLI for IT Hardware announced with new application for ISM have been called.

The base year for investment in IT Hardware has to be fixed by investor which is 2024/2025/2026.

So the planning and execution is in hand of investor so to get manufacturing and other activities as per their planning. The lacunae of earlier plan has been addressed and incentive increased to make it more attractive.

Same is for Indian Semiconductor Mission has been renotified with rider to give chance to those who applied earlier.

The total outgo for the same is around $10B, which means fifty percent of project cost will be given to investor in period of time.

The total exercise is to make our country self dependent in electronics manufacturing with complete ecosystem. The ecosystem with design, tool and raw material.

Both schemes are announced after extensive consultation with stakeholders.

The thought process is clear to give the industry a very much needed platform to achieve the scale to capture the market and generate employment both direct and indirect. 

Investors are given chance to maximize their investment and also earn extra benefits which are available for exports.

The whole process is transparent with views are accommodated. Now, the ball is in investors court to take final call. 

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