India Cellular and Electronics Association (ICEA) today extends its heartfelt appreciation to the Hon’ble Prime Minister Narendra Modi and Union Minister Ashwini Vaishnaw for their visionary leadership that has culminated in the PLI 2.0 for IT Hardware. The PLI 2.0 has garnered applications from 40 companies including global and domestic, marking a significant milestone in India’s journey towards becoming a global hub for IT hardware manufacturing and exports.
This overwhelming response to the PLI 2.0 is a testament to the global industry’s confidence in India’s manufacturing capabilities and the government’s commitment to fostering a conducive ecosystem. The IT hardware industry is projected to reach a production value of USD 25 billion by 2026-27, with exports anticipated to be approximately USD 13 billion.
“We are humbled by the staggering response,” said Mr. Pankaj Mohindroo, Chairman, ICEA, adding, “This is not just ‘Make in India’; this is ‘Make in India for the World.’ It’s about becoming globally competitive, especially when it comes to increasing exports.”
“The days when our nation could not convince the global industry about its competitiveness and Ease of Doing Business (EODB) are coming to an end,” Mr. Mohindroo remarked. These comments reflect a turning point in India’s global perception as a manufacturing destination, signalling a new era of competitiveness and operational ease. The PLI 2.0 for IT Hardware is a testament to the government’s commitment to fostering a conducive ecosystem for manufacturing and exports.
The PLI scheme with an outlay of about INR 22,890 crore, is expected to generate an incremental production of INR 4,70,000 crore with incremental investment of over INR 5,000 crore. It is also projected to create 75,000 direct jobs and over 2,00,000 indirect jobs, thereby significantly boosting employment opportunities in the sector.
“The IT hardware vertical is the 2nd largest in electronics after smartphones, and a strong presence in this segment is essential for India’s growth,” Mr. Mohindroo elaborated. “This will be a double engine industry — Lead firms of Global Value Chains (GVCs) and Emerging Indian champions will be the two engines of growth,” he emphasized. These insightful comments highlight the dual drivers that will propel the industry forward: established global firms and rising Indian companies. The overwhelming response to the PLI 2.0 scheme marks a new chapter in India’s IT hardware sector, demonstrating the government’s receptiveness to industry inputs and their determination to translate words into action.
The PLI 2.0 for IT Hardware aligns perfectly with the government’s ambitious vision of achieving USD 300 billion worth of electronics manufacturing by 2025-26, with USD 120 billion expected to come from exports. This initiative further underscores the government’s commitment to transforming India into a global electronics manufacturing powerhouse.
