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Global Trade Alert

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India: Second Production Linked Incentive Scheme for IT Hardware approved

Description

On 17 May 2023, the Indian Union Cabinet of Ministers approved the Production Linked Incentive Scheme 2.0 for Information Technology Hardware. The scheme has a budget of INR 17'000 crore (USD 2.06 bil...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 May 2023

Revocation date

16 May 2028

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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