The Government has given the green light to 27 companies, including major players like Dell, HP, and Foxconn, enabling them to partake in the production-linked incentive (PLI) scheme for IT hardware manufacturing. This announcement was made by Ashwini Vaishnaw, the Union Minister for Electronics and IT, who expressed his delight in confirming the approval of these companies for the PLI IT hardware scheme.
Vaishnaw highlighted that out of the 27 approved companies, a significant 23 are poised to commence manufacturing right from day zero. This development indicates a strong push towards India's emergence as a significant player in the production of PCs, servers, laptops, and tablets, according to the minister.
Moreover, the companies approved under the PLI-IT scheme are anticipated to collectively invest around Rs 3,000 crore in India, signifying a considerable commitment towards bolstering the country's IT hardware manufacturing sector.
Dell: Dell, a renowned multinational technology company, specializes in the development and manufacturing of computers, laptops, servers, and related IT solutions. Known for its innovative approach and quality products, Dell has secured approval under India's PLI scheme for IT hardware manufacturing, showcasing its commitment to contributing to India's technological landscape.
HP (Hewlett-Packard): HP, a globally recognized brand, excels in producing a wide range of computing devices, printers, and other hardware solutions. Its approval under India's PLI scheme for IT hardware manufacturing signifies HP's dedication to fostering technological advancement within the country. With a strong reputation for reliability and innovation, HP's participation is anticipated to significantly impact India's IT hardware sector.
Foxconn: Foxconn, a major electronics manufacturer, is acknowledged for producing components and devices for various renowned technology companies worldwide. With its approval under the PLI scheme in India, Foxconn's involvement is poised to bring substantial expertise and resources to the country's IT hardware manufacturing sector, potentially amplifying India's standing in global technology markets.