In a significant move, the Indian government greenlights 27 companies, including industry giants Dell, Foxconn, HP, and Lenovo, under the new PLI scheme. Announced by Union Minister Ashwini Vaishnaw on November 18, the approvals signify a major step towards bolstering the nation’s IT hardware manufacturing sector.
“Twenty-three of these companies are ready to start manufacturing on day zero. And four companies will start within 90 days. These 27 companies will lead to Rs 3,000 crore, direct employment of 50,000, and indirect employment of 1,50,000,” Vaishnaw said.
Initially, about 40 companies had applied under this new PLI scheme, committing to manufacturing a variety of equipment worth Rs 4.65 lakh crore during the scheme period. Noteworthy players like HPE, Lenovo, Acer, ASUS, and Thomson are participating through Electronic Manufacturing Service (EMS) companies with facilities in India, such as Flextronics and Rising Star.
Under the Production-Linked Incentive Scheme 2.0 for IT hardware, laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices are covered. The scheme, backed by a Rs 17,000-crore incentive authorised by the Union Cabinet in May, aims to diversify and boost the country’s IT hardware manufacturing ecosystem.
Moreover, under this new PLI scheme the production of smaller components for computing devices within the country is encouraged. Companies that acquire components made domestically, including memory chips, printed circuit board assemblies, solid-state drives, chassis, power supply components, and adaptors, are eligible for extra incentives of up to 3 percent.
This new PLI scheme 2.0 initiative extends over six years, offering manufacturers a prolonged duration to take advantage of incentives. Its primary aim is to encourage local manufacturing and enhance India’s position as a worldwide centre for IT hardware production. This initiative aligns with the government’s vision to fortify India’s position in the rapidly evolving landscape of technology and innovation.
Below is the list of 27 companies approved under this new PLI scheme 2.0 for IT Hardware:
1. Dell International Services India Private Limited
2. Rising Stars Hi-Tech Private Limited
3. HP India Sales Private Limited
4. Flextronics Technologies (India) Private Limited
5. Padget Electronics Private Limited
6. SOJO Manufacturing Services (AP) Private Limited
7. VVDN Technologies Private Limited
8. Goodworth Electronics Private Limited
9. Neolync Tele Communications Private Limited
10. Syrma SGS Technology Ltd
11. Bhagwati Products Limited
12. Netweb Technologies India Limited
13. Genus Electrotech Limited
14. Sahasra Electronic Solutions Limited
15. Hangsine Technosoft Private limited
16. Riot Labz Pvt Ltd
17. Smile Electronics Limited
18. Mega Networks Private Limited
19. Plumage Solutions Private Limited
20. HLBS Tech Private Limited
21. Panache Digilife Limited
22. RDP Workstations Private Limited
23. Kaynes Electronics Manufacturing Private Limited
24. INP Technologies Private Limited
25. Optiemus Telecommunication Private Limited
26. ITI Limited
27. Sancraft Industries Private Limited