Which 32 electronics firms are seeking incentives to manufacture locally?

Question

Accepted Answer

Thirty-two international electronics companies have applied for India's production-linked incentive programme to manufacture laptops, tablets, and servers domestically.

At least 32 international electronics companies have submitted applications to participate in India's incentive programme aimed at boosting local manufacturing of laptops, tablets, and servers. These applications were submitted under the country's US$2 billion (RM9.2 billion) production-linked incentive (PLI) scheme for information technology hardware. The initiative aligns with the government's broader "Make in India" campaign to enhance domestic production capacity.
Companies Seeking to Manufacture in India

Among the 32 companies that have applied to produce laptops and other IT hardware locally are several prominent global brands. These include Hewlett Packard Enterprise Co, Dell Technologies, Asus, Acer, and Lenovo. The government's announcement of this programme follows recent import restrictions on laptops, signalling a strategic push towards self-sufficiency in the sector.
Production-Linked Incentive Programme Details

The PLI scheme for IT hardware, launched in May, offers financial incentives to companies that invest in and manufacture eligible products within India. This programme is designed to attract significant investment and create employment opportunities. The government anticipates that the scheme will attract substantial incremental investment and generate a considerable number of direct jobs.
Economic Impact and Job Creation

The IT hardware PLI scheme is projected to bring in approximately 24.3 billion rupees (RM1.3 billion) in incremental investment. Furthermore, it is expected to be a significant driver of job creation, with an estimated 75,000 direct employment opportunities anticipated as a result of increased domestic manufacturing. This initiative aims to position India as a key hub for electronics production.

Reading history

Hide →

This history is cleared when the page is closed.

Which 32 electronics firms are seeking incentives to manufacture locally?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends