The Indian government plans to set aside Rs 7,500 crore for a production linked incentive (PLI) scheme focused on IT hardware products such as personal computers, laptops, tablets, and servers. A source familiar with the plan said foreign companies seeking incentives may need to invest Rs 500 crore over four years. Domestic companies are likely required to invest Rs 20 crore over five years. "Meity (Ministry of Electronics and Information Technology) will take the Cabinet approval of the detailed guidelines soon and is hopeful of rolling out the scheme from next financial year. The incentive outlay is likely to be around Rs 7,500 crore," the source said. This move comes after the government announced a Rs 2 lakh crore cumulative PLI for 10 sectors to boost domestic manufacturing. Global players like Apple's contract manufacturers and Samsung have shown interest in the mobile devices segment. According to the industry body ICEA (India Cellular and Electronics Association), with the right policies, India can scale up its laptop and tablet production capacity to over Rs 7 lakh crore by 2025. Increasing manufacturing could raise India’s global market share from 1% to 26%. It is expected to generate 5 lakh new jobs and bring foreign exchange worth Rs 5.5 lakh crore, along with Rs 7,300 crore in investments by 2025.