India announces schemes to boost pharmaceutical industry, IT products export

The government on Wednesday approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India's manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing. Briefing reporters after a meeting of the Cabinet, Communications and IT Minister Ravi Shankar Prasad said the Cabinet cleared the about Rs 7,350 crore PLI scheme for IT hardware that would cover laptops, tablets, all-in-one PCs and servers. Watch the full video for more details.