India’s IT hardware industry has reached a significant milestone under the Production Linked Incentive (PLI) Scheme announced by Union Minister for Communications, Ashwini Vaishnaw. A total of 27 companies have received approval for the PLI within a short timeframe, with nearly 95% of these being ready to commence immediate manufacturing.
Vaishnaw emphasized that the approved applications are projected to result in an additional investment of Rs 3,000 crores, with an overall production value of Rs 3.5 lakh crores. The direct employment generated is estimated at around 50,000, while indirect employment opportunities will reach approximately 1.5 lakh, contributing to a total employment boost of 2 lakh.
The approved companies include major players such as Dell, Foxconn, HP, Lenovo, and others, signaling a significant shift in the IT hardware manufacturing value chain towards India.
The PLI Scheme for IT Hardware, introduced by Prime Minister Narendra Modi with a budgetary outlay of Rs 17,000 crores, aims to enhance the IT hardware manufacturing ecosystem in the country. It is anticipated to stimulate local manufacturing, encourage the localization of components and sub-assemblies, and foster the development of a robust supply chain within India.
The scheme is part of India’s Atmanirbhar and ‘Make-in-India’ initiatives, with the goal of enhancing global competitiveness, attracting investments, boosting exports, and reducing dependency on imports across various sectors. This development comes after an outstanding response to the PLI scheme for laptops and PCs, which received 32 applications from major players.
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