Foxconn, Dell, Lenovo in List of 32 Companies to Apply for PLI Scheme for IT Hardware Manufacturing: Vaishnaw – News18

The central authorities has acquired 32 purposes, together with massive names like Foxconn, HP, Dell and Lenovo, for participation within the Production Linked Incentive Scheme 2.0 for IT Hardware, as on August 30. The bold scheme has generated important curiosity, stated IT minister Ashwini Vaishnaw.

Prominent world corporations like Foxconn, HP, Dell, Lenovo, Thompson, Acer and Asus, have submitted their purposes for participation within the scheme. These trade giants are poised to play a major function in reshaping India’s IT {hardware} panorama and the Centre is hopeful of a significant change related to what’s being seen within the smartphone sector.

Notably absent from the listing of candidates is Apple Inc. But, authorities officers stay optimistic and stated the tech behemoth will be part of the initiative within the close to future. Apple’s potential involvement might additional enhance the scheme’s transformative potential.

Here’s an inventory of candidates for the PLI Scheme 2.0:

1. HP India Sales Pvt Ltd
2. Dell International Services India Pvt Ltd
3. Flextronics Technologies (India) Pvt Ltd
4. Competition Team Technology (India) Pvt Ltd
5. Foxteq Services India Pvt Ltd
6. Rising Stars Hi-Tech Pvt Ltd
7. Sojo Manufacturing Services (AP) Pvt Ltd
8. VVDN Technologies Pvt Ltd
9. Padget Electronics Pvt Ltd
10. Syrma SGS Technology Ltd
11. Netweb Technologies India Ltd
12. Bhagwati Products Ltd
13. Sahasra Electronic Solutions Ltd
14. Kaynes Electronics Manufacturing Pvt Ltd
15. Optiemus Telecommunication Pvt Ltd
16. Neolync Telecommunications Pvt Ltd
17. ITI Ltd
18. Skyquad Electronics and Appliances Pvt Ltd
19. Mega Networks Pvt Ltd
20. Riot Labz Pvt Ltd
21. Plumage Solutions Pvt Ltd
22. Smile Electronics Ltd
23. INP Technologies Pvt Ltd
24. Panache Digilife Ltd
25. Laxmi Remote (India) Pvt Ltd
26. Sancraft Industries Pvt Ltd
27. Okay M Electronic Cables Pvt Ltd
28. Velankani Electronics Pvt Ltd
29. Goodworth Electronics Pvt Ltd
30. Mirc Electronics Ltd

Other key info

This scheme for IT {hardware} covers a various vary of merchandise, together with laptops, tablets, all-in-one PCs, servers and ultra-small form-factor gadgets. It is designed to revive the IT {hardware} sector, for which the federal government has allotted a considerable budgetary outlay of Rs 17,000 crore; this indicators a dedication to bolstering the trade as nicely.

It is ready to span six years, which is able to assist present a secure and conducive surroundings for corporations to make long-term investments and strategic selections. The scheme additionally goals at driving progress within the IT {hardware} sector with an anticipated incremental manufacturing worth of Rs 3.35 lakh crore. It can be anticipated to draw an incremental funding of Rs 2,430 crore, creating an estimated 75,000 direct jobs.