Govt. receives 40 applications under PLI scheme for IT hardware
By MYBRANDBOOK
The government has received 40 applications for the PLI Scheme 2.0 for IT hardware for manufacturing laptops, PCs and servers. The deadline for applying ended at 11.59 pm on Wednesday, August 30. The Union Cabinet authorised a Rs 17,000-crore incentive in May to stimulate local manufacturing of IT hardware such as tablets and laptops.
The scheme is expected to create Rs 4.7 lakh crore in incremental production over a six-year period.
As per reports, applicants will be shortlisted as per scheme guidelines within the approved outlay. The scheme is also expected to bring in incremental investments to the tune of Rs 5,000 crore, and create 75,000 jobs, sources said.
"Large IT hardware companies such as Dell and HP are participating directly under the scheme while other major players such as HPE, Lenovo, Acer, ASUS, and Thomson are participating through EMS (electronic manufacturing services) companies - Flextronics, Rising Star (Foxconn), etc. - having manufacturing facilities in India," the government said in a statement.
Applications have been submitted by domestic businesses including Padget (Dixon), VVDN, Netweb, Syrma, Optiemus, Sahasra, Neolync, Panache, Sojo (Lava), Kaynes Technologies, etc.
13 companies, including seven international and six domestic, applied under the hybrid category, compared to 27 for the domestic category.
The PLI scheme, which aims to increase domestic production of IT hardware, provides incentives for Indian manufacturers of laptops, tablets, all-in-one PCs, servers, and ultra-small form factors.
The government said that the scheme with an outlay of Rs. 17,000 crore (US$ 2.05 billion) was oversubscribed, receiving proposals worth Rs. 22,890 crore (US$ 2.76 billion). The scheme beneficiaries will generate direct employment in excess of 75,000 jobs.
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