Dell, Foxconn, Lenovo, HP, Flextronics and Neolynk are among 27 companies that have been approved for the production linked incentive (PLI) scheme for IT hardware manufacturing, Ashwini Vaishnaw, Minister for Electronics and Information Technology, announced on November 18.
Vaishnaw said of the 40 applications that the government received, 27 companies have been approved to manufacture laptops, PCs and servers under the IT hardware PLI scheme 2.0 that will bring in incremental investments to the tune of Rs 3,000 crore.
“23 out of 27 will be ready to start production on Day Zero and four others will start production within 90 days,” he said.
The scheme shall lead to additional production of Rs 3.5 lakh crore and will create direct employment for 50,000 people and indirect employment for 150,000 people, the minister said.
The firms that have received approval for the IT hardware scheme include Dell, Foxconn, Lenovo, HP, Flextronics, Paget, Sojo, VVDN, Goodworth, Neolink, Syrma, Bhagwati and Optiemus.
Laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices are all covered by the Production-Linked Incentive Scheme 2.0 for IT hardware. The scheme, for which the Union Cabinet authorised a Rs 17,000-crore incentive in May, intends to diversify and enhance the country's IT hardware manufacturing ecosystem.
The tenure of the PLI 2.0 scheme has been set at six years, providing an extended period for manufacturers to capitalise on the incentives. The scheme's primary objective is to promote domestic manufacturing and enhance India's position as a global hub for IT hardware production.
Here is the full list of companies that have got approval for IT Hardware PLI scheme :
