NEW DELHI (Reuters) – India’s cabinet on Wednesday approved a 73.5 billion rupee ($1.02 billion) plan for boosting the local manufacturing and export of IT products such as laptops, tablets, personal computers and servers, the country’s technology minister said.
The production-linked incentive (PLI) plan, which provides manufacturers cash-backs, will help India export IT goods worth 2.45 trillion rupees, technology minister Ravi Shankar Prasad told a news conference.
($1 = 72.3140 Indian rupees)
(Reporting by Sankalp Phartiyal, editing by Louise Heavens)
