Amid the rising pandemic cases in India, 19 companies have filed applications under the production linked incentive (PLI) scheme for IT hardware manufacture.
Companies that have filed applications include Dell, Rising Stars Hi-Tech (Foxconn) ICT (Wistron) Flextronics, and Lava, and other electronics hardware manufacturing companies.
Further, 14 companies have filed applications under the category Domestic Companies which include Dixon, Infopower (JV of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations, and Coconics.
Under the PLI all these companies are expected to ramp up and expand their manufacturing operations and grow into national champion companies in IT hardware production, said an IT Ministry statement.
Union Electronics and IT Minister Ravi Shankar Prasad said, “We are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening electronics manufacturing ecosystem in the country,”.
The PLI scheme for IT hardware was introduced on 3 March this year and gives an incentive of 4 per cent to 2 per cent/1 per cent on net incremental sales (over base year of FY 2019-20) of goods under target segments that are manufactured in India to eligible companies, for a period of four years (FY 2021-22 to FY 2024-25).
India Cellular & Electronics Association (ICEA) Chairman Pankaj Mohindroo said: “This is a testimonial to India’s capacity to become the manufacturing hub for IT hardware. The world is looking at India as a destination to manufacture and participation in the scheme by the global companies are a resounding vote of confidence to the current government’s policies.”
ICEA Chairman also added this is a big step towards “Atmanirbhar Bharat”.
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