Friday, 24 March, 2023

MeitY seeks additional funding to expand IT gear PLI sops

<p>MeitY sought an additional corpus of $3 B to expand the incentives under PLI schemes for the IT hardware, wearables, and hearables segment. This request comes just months after the industry complained to the govt about the inadequacy of the current incentive structure. Rajeev Chandrasekhar, State union IT Minister,&nbsp;said that a series of meetings are scheduled to assess the progress of various PLIs, to see which ones have more potential and need more inputs.<br /> &nbsp;</p>