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Dell, HP, Foxconn among 27 firms granted approval under new IT hardware PLI scheme

Manufacturing  -  Nov 20,2023  - 

The Central government has announced that 27 companies, including Dell, HP, and Foxconn, have been granted approval under the new production-linked incentive (PLI) scheme for IT hardware.

The move comes at a time when India is wooing IT hardware players with policy sweeteners and incentive schemes, making a determined push to position itself as a global hub for hi-tech manufacturing.

"India is poised for a revolutionary leap in IT hardware manufacturing," industry body MAIT said on this announcement.

"MAIT envisions this as a game-changer for IT hardware manufacturing. With unwavering confidence, we anticipate India's ascent to a leadership position in the manufacturing and export of products such as laptops, tablets, servers...mirroring the transformative success witnessed in the Indian mobile phone industry," Suhail Zaidi Director General of MAIT said.

Sanjay Lodha, Chairman and Managing Director of Netweb Technologies, said the company is "honoured to be recognised in the PLI scheme".

Company : Dell HP Foxconn Netweb Technologies