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Friday, 5 July 2019

Budget 2019: Laptop, solar photo voltaic cells, lithium storage batteries, solar electric charging infrastructure, computers servers etc.




The Finance Minister Nirmala Sitaraman said that this scheme will include units in the field of Solar Photo Voltaic Cell, Lithium Storage Battery, Solar Electric Charging Infrastructure, Computer Server, Laptops etc. The proposal was put forward by Finance Minister while presenting the Union Budget 2019-20.

Government will launch a scheme to invite global companies through transparent bidding to set up mega manufacturing plants in sunrise and advanced technology sectors such as semiconductor manufacturing. 

The Finance Minister said that the scheme will include units in the field of Solar Photo Voltaic Cells, Lithium Storage Batteries, Solar Electric Charging Infrastructure, Computer Servers, Laptops etc.

Earlier, the government had announced plans to set up a semiconductor plant in the country. Proposals of Jaiprakash Associates Limited and HSMC Technologies India-led consortium were selected for cumulative investment of more than Rs 63,000 crore. 

Jaiprakash Associates withdrew their proposal, while in April 2018, the Ministry of Electronics and IT had canceled the letter of intent issued to HSMC Technologies for setting up a semiconductor plant.

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