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Approval granted to 27 firms under IT hardware PLI scheme

Tuesday, 21 Nov 2023
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Applications of 27 computer hardware firms for manufacturing and assembling components in India have been approved under the production-linked incentive scheme, as part of the government’s efforts to transform the country into a manufacturing hub.

Union Minister of Electronics and Information Technology, Ashwini Vaishnaw said the manufacturing activities are expected to provide employment for about two lakh people, out of which 50,000 will be directly employed. He further informed that 23 out of 27 approved applicants are ready to start manufacturing on day zero, and four companies will start their production within the next 90 days.

The investments by these 27 companies are valued at an additional Rs 3,000 crore (USD 360 million), and the additional production value would be about Rs 3.5 lakh crore. 

The approved firms include, Rising Stars Hi-Tech (Foxconn), HP, Hangsine Technosoft (HP), Flextronics Technologies (HP), Padget Electronics (Lenovo), Smile Electronics and Plumage Solutions (Acer), Genus Electrotech (Benq, ViewSonic), Sahasra Electronics (Thomson), VVDN Technologies, among others.

The PLI scheme, approved by the Union Cabinet in May with a budgetary outlay of Rs 17,000 crore, covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices.

 
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