What is India's new $2bn-worth PLI scheme for IT hardware?
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The Indian government has finally heard the pleas of the IT industry. On Wednesday, the Union Cabinet chaired by Prime Minister Narendra Modi approved the production-linked incentive (PLI) scheme 2.0 for IT hardware. The cabinet more than doubled the budgetary outlay of the scheme to Rs. 17,000 crore. The latest version of the PLI scheme for IT hardware will run for six years, said union minister Ashwini Vaishnaw.