India

NEW DELHI: The government on Saturday said 27 companies, including global Dell, HP, Foxconn, and Lenovo, and local Optiemus, Padget, and VVDN, have been granted approval under the upgraded Rs 17,000 crore production-linked incentive (PLI) scheme for IT hardware.The move comes at a time when India is vying to get global and local IT hardware players with policy sweeteners and incentive schemes, making a determined push to position itself as a global hub for hi-tech manufacturing.“A total of 27 companies have been approved under the IT hardwarePLI scheme.

About 95% of these...23 companies are ready to start manufacturing from day-zero,” Union minister for electronics and IT Ashwini Vaishnaw said.“This will set us up for being a big force in manufacturing of PCs, servers, laptops, and tablets,” he added.These companies will invest Rs 3,000 crore.The government, which has moved to a system of authorisation for imports, is pushing companies to increasingly make locally, and also source components from India or other ‘trusted’ locations.The reason for the government’s insistence on kickstarting domestic production of laptops remains the heavy reliance of companies on China for both fully-built units, or components.

The government is categorical in its insistence that companies either start manufacturing here, or else start respecting the ‘trusted source’ norm, which means procuring from regions beyond China.Currently, more than 80% of laptops are sourced from China, with only some supplies coming from countries like Vietnam.

On the components front, a large part of procurement again happens from China, and this causes a lot of unease within the government that has been aggressively pushing the Make in India and ‘Atmanirbhar Bharat’ slogan across the world.

Such has been the eagerness on this front that the government massively revised incentives under the IT Hardware PLI scheme, raising it from the previously-allocated Rs 7,300 crore to as much as Rs 17,000 crore.The move comes as India woos IT hardware players to position itself as a global hub for hi-tech manufacturing se companies have been granted approval under the upgraded Rs 17,000 crore production-linked incentive scheme.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE


[India] - Bharat Biotech transfers to adds ICMR as co-owner of Covid-19 vaccine patent


[India] - NTA chief got rid of amidst NEET-UG, UGC-NET abnormalities allegations


[India] - Indian e-two wheelers better than other nations: Ather Energy co-founder


GST Council waives interest, penalty on tax demands between FY18 and FY20


CNG price in national capital, adjoining cities hiked by Re 1 per kg


Swiss court clears Hinduja family members of human trafficking charges


Eminence Estates prepares to raise Rs 5,000 cr through QIP, monetise hotel biz


[India] - Indian deeptech startups count surges in 2023, funding drops 77%: Nasscom


[India] - Sebi orders Religare Enterprises to make an application for open deal before July 12


Meril launches indigenously developed knee-replacement robotic system


WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 cr


[India] - India now 3rd-largest domestic airline company market; capacity doubles in 10 yrs


Gland Pharma promoter Fosun divests 6% stake for Rs 1,754 cr via bulk deal


[India] - India requires new hardship line for approximating level of deprivation: Debroy


[India] - 'Integrity compromised': NTA cancels UGC-NET exam, matter with CBI


Google launches Gemini Chatbot service in India, other South Asian nations


Apple MacBook Pro with M4-series chips to arrive in Q4 2024: Report


Samsung to bring Galaxy Z Fold 6 'Slim' alternative later on this year: Report





53