New Delhi: The Government said on saturday 27th companiesMajors, including global Dell, HP, Foxconn and Lenovo and local Optimus, Padgate and VVDN, have been approved under the upgraded Rs 17,000 crore production-linked incentive (PLI) scheme for IT hardware.
The move comes at a time when India is competing to bring in global and local IT hardware players with policy sweeteners and incentive schemes, thereby establishing itself as a global hub for high-tech manufacturing. Strong efforts are being made for. “A total of 27 companies have been approved underIT Hardware PLI Scheme, About 95% of these…23 companies are ready to launch Production From day-zero,” said Electronics and IT Minister Ashwini Vaishnav.
“This will position us to become a major force in building PCs, servers, laptopAnd pills,” he said.
These 27 companies will invest Rs 3,000 crore.
The government, which initially suggested a licensing scheme for laptop imports before scrapping the scheme, is now pushing companies to manufacture locally and source components from India or other ‘reliable’ locations .
The reason for the government’s push to start domestic production of laptops is due to the companies’ heavy dependence on China for both fully manufactured units or components. “The government is clear that companies must either start manufacturing here, or start respecting the ‘reliable source’ criteria, which means sourcing from areas beyond China.”
Currently, more than 80% of laptops come from China, with only some supply coming from countries like Vietnam. On the components front, a large part of the procurement is again from China, and this has caused a lot of uneasiness within the government which is aggressively pushing the slogan of Make in India and ‘Atmanirbhar Bharat’ across the world. There has been so much enthusiasm on this front that the government massively revised the incentives under the IT Hardware PLI scheme, increasing it to Rs 17,000 crore from the earlier allocated Rs 7,300 crore.
The move comes at a time when India is competing to bring in global and local IT hardware players with policy sweeteners and incentive schemes, thereby establishing itself as a global hub for high-tech manufacturing. Strong efforts are being made for. “A total of 27 companies have been approved underIT Hardware PLI Scheme, About 95% of these…23 companies are ready to launch Production From day-zero,” said Electronics and IT Minister Ashwini Vaishnav.
“This will position us to become a major force in building PCs, servers, laptopAnd pills,” he said.
These 27 companies will invest Rs 3,000 crore.
The government, which initially suggested a licensing scheme for laptop imports before scrapping the scheme, is now pushing companies to manufacture locally and source components from India or other ‘reliable’ locations .
The reason for the government’s push to start domestic production of laptops is due to the companies’ heavy dependence on China for both fully manufactured units or components. “The government is clear that companies must either start manufacturing here, or start respecting the ‘reliable source’ criteria, which means sourcing from areas beyond China.”
Currently, more than 80% of laptops come from China, with only some supply coming from countries like Vietnam. On the components front, a large part of the procurement is again from China, and this has caused a lot of uneasiness within the government which is aggressively pushing the slogan of Make in India and ‘Atmanirbhar Bharat’ across the world. There has been so much enthusiasm on this front that the government massively revised the incentives under the IT Hardware PLI scheme, increasing it to Rs 17,000 crore from the earlier allocated Rs 7,300 crore.
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