Dell, HP, Foxconn, Lenovo among 27 firms approved under PLI scheme for IT hardware

The union cabinet on Friday approved PLI Scheme 2-0 for IT hardware under which 27 firms, including Acer, Asus, Dell, HP, Lenovo, etc will get licence to manufacture laptops, tablets, all-in-one PCs, servers and ultra small form factor devices.

Production Linked Incentive scheme (PLI) for IT hardware will result in investment of of about Rs3,000 crore ($360 million) and help provide direct employment to about 50,000 people and indirect employment to about 1.5 lakh people.

This will result in IT hardware production of about Rs3,50,000 crore ($42 billion).

The move will help position India as a major force in the manufacture of PCs, servers, laptops, and tablets.

Addressing industry captains and media, minister of railways, communications and electronics and IT Ashwini Vaishnaw said  “23 out of 27 approved applicants are ready to start manufacturing on day zero,” adding, “This strategic initiative positions us robustly to emerge as a significant player in the manufacturing landscape, encompassing PCs, servers, laptops, and tablets."

Industry body MAIT described it as a revolutionary leap in IT hardware manufacturing. "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.