GoI approved 27 electronics IT hardware manufacturers under PLI

Date: 27/11/2023
Government of India has approved 27 electronics IT industry related manufacturers under PLI Scheme – 2.0 For IT Hardware. Building on the success of Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet led by Prime Minister Shri Narendra Modi had approved PLI Scheme – 2.0 for IT hardware on 17th May 2023. This scheme covers laptops, tablets, all-in-one PCs, Servers and Ultra Small Form Factor devices

Applications of 27 IT hardware manufacturers have been approved today. IT hardware of well-known brands such as Acer, Asus, Dell, HP, Lenovo, etc will be manufactured in India. The expected outcomes of this approval, over the tenure of the scheme are as follows:

Employment: total of about 02 lakhs
About 50,000 (direct) and about 1.5 lakh (indirect)
Value of IT hardware production: 3 lakh 50 thousand crore rupees (42 billion US dollars)
Investment by companies: 3,000 crore rupees (360 million US dollars)

Addressing industry captains and media, Minister of Railways, Communications and Electronics and IT Shri Ashwini Vaishnaw informed that “23 out of 27 approved applicants are ready to start manufacturing on day zero”.

The approved companies include: Dell, HP, Kaynes,Flextronics, Rising Stars, Padget Electronics, SOJO Manufacturing, VVDN Technologies, Goodworth Electronics, Neolync, Syrma SGS, Bhagwati Products, Netweb Technologies, Genus Electrotech, Sahasra, Hangsine Technosoft, Riot Labz, Smile Electronics, Mega Networks, Plumage Solutions, HLBS Tech, Panache Digilife, RDP Workstations, INP Technologies, Optiemus, ITI and Sancraft.

News Source: PIB