PLI scheme must receive significant priority in Budget 2024, says Acer India CFO Alok Dubey

In the run-up to the Union interim Budget 2024, Alok Dubey, Chief Finance Officer of Acer India, has expressed optimism about the potential impact it could have on India’s IT Tech sector in the upcoming fiscal year.

He said, “The upcoming Union Budget 2024 has the potential to shape the IT Tech sector in the next fiscal year. As we anticipate Budget 2024, our expectations revolve around fostering India’s tech innovation ecosystem.”

One of the key expectations highlighted by Dubey was the need for heightened investments in Research and Development (R&D) and Artificial Intelligence (AI). According to him this would be a crucial step in driving innovation, sustainability, and accessibility within the industry.

Advertisement

‹

EVENT

Saksham Bharat 2026

A multi-stakeholder dialogue on skilling gap in Cybersecurity, Data Resilience and AI — and the roadmap to a Saksham Bharat.

📅 Tue, 26 May 2026

📍 Mumbai, Bengaluru, Delhi

Register Now →

EVENT

VeeamON 2026 Tour India - Mumbai

A VeeamON 2026 India Leadership Series Mumbai for senior public sector and government technology leaders.

📅 Tue, 26 May 2026

📍 Grand Hyatt, BKC

Register Now →

EVENT

Cyber Surakshit Uttar Pradesh

Find out strategies, frameworks and solutions for building a resilient and secure digital ecosystem across Uttar Pradesh.

📅 Thu, 28 May 2026

📍 Lucknow

Register Now →

EVENT

VeeamON 2026 Tour India - Bengaluru

A VeeamON 2026 India Leadership Series Bengaluru for senior public sector and government technology leaders.

📅 Wed, 03 Jun 2026

📍 JW Marriott Hotel

Register Now →

EVENT

VeeamON 2026 Tour India - Delhi

A VeeamON 2026 India Leadership Series Delhi for senior public sector and government technology leaders.

📅 Fri, 19 Jun 2026

📍 Shangri-La Eros

Register Now →

EVENT

Infosec Reimagined

Infosec Reimagined 2026 is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.

📅 Fri, 26 Jun 2026

📍 New Delhi

Register Now →

EVENT

Digital Senate

Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.

📅 Thu, 30 Jul 2026

📍 New Delhi

Register Now →

EVENT

CIO Prism

CIO Prism unites forward-thinking technology leaders to exchange transformative insights, shape digital strategies, and foster innovation, empowering enterprises to excel in an era of rapid technological change.

📅 Fri, 18 Sep 2026

📍 Goa

Register Now →

›

“We look forward to heightened investments in Research and Development and Artificial Intelligence, underlining a strategic roadmap emphasising innovation, sustainability, and accessibility within the industry,” Dubey said.

Acer India, aligned with the Make in India initiative, anticipates that the Production Linked Incentive (PLI) program, designed to support IT hardware and computer server manufacturers, will receive significant priority in the upcoming budget.

Dubey stressed the importance of this program in fostering local manufacturing and creating a conducive environment for IT tech companies.

PLI scheme should receive significant priority in Budget 2024

“Aligned with the Make in India initiative, we expect that the Production Linked Incentive (PLI) program, designed to support IT hardware and computer server manufacturers, along with the government’s resolute commitment to digital skill development, will be accorded significant priority,” Dubey said.

This dual focus on manufacturing and skill development reflects the industry’s holistic approach to growth, encompassing both technological innovation and human capital development.

He also said “We anticipate a budget that not only aligns with but elevates the Make in India objectives, providing a robust framework for the growth and alignment of the IT Tech sector.”