The Union Cabinet has announced the revamped Production Linked Incentives (PLI) Scheme 2.0 for IT Hardware, with a budgetary outlay of approximately INR 17,000 crore. The scheme aims to strengthen India's IT hardware manufacturing ecosystem by providing incentives linked to incremental sales for companies manufacturing laptops, tablets, all-in-ones, and more. Detailed guidelines for the scheme are forthcoming, and companies considering capital expenditures should evaluate the potential benefits. The application window is open until 15 July 2023.
How Grant Thornton Bharat can help
-
Eligibility Evaluation 
Conduct a comprehensive assessment of eligibility criteria based on relevant parameters.
-
Application Preparation and Filing
Review and compile all necessary documents, information, simulations, and projections to meticulously prepare the application. Provide expert assistance in applying to the state.
-
Query Response to Government/Nodal Agency
Efficiently address and respond to any queries the government or nodal agency raises. Prepare more replies and effectively represent the organisation before the concerned authorities.
-
Government Authorities and Nodal Agency Follow-up
Proactively engage in follow-up activities with the government authorities and nodal agency after the application filing. Schedule and conduct meetings to ensure a smooth and timely process.
-
Periodic Review
Assist in conducting periodic reviews to ensure compliance with the eligibility conditions outlined in the scheme. Provide guidance and support in addressing any necessary modifications or updates.
-
Fund Disbursement
Make dedicated efforts to assist in obtaining the claim for incentives. Facilitate the disbursement of funds by coordinating with the relevant stakeholders involved in the process.
By submitting this form, you consent to receive communications from our firm. Your data will be protected in accordance with the privacy policy
