Govt has a PLI scheme in the works for wearables, hearables, AI, IoT | Editorji
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Govt has a PLI scheme in the works for wearables, hearables, AI, IoT

Jan 05, 2021 17:04 IST

After mobile phones, the government is now planning to boost domestic manufacturing of new technology devices – including wearables, hearables, drones and Internet of Things (IoT) products.  According to a report in the Economic Times, the Ministry of Electronics and IT is in the process of chalking out an incentive scheme for manufacturing such devices and expects to launch it in the coming months. The Centre may launch a Production Linked Incentive (PLI)-like incentive scheme for manufacturers of these products as demand for these products is expected to increase to $5 billion in the next 2-3 years from $2 billion now.

 

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