The central government has received 32 applications, including big names like Foxconn, HP, Dell and Lenovo, for participation in the Production Linked Incentive Scheme 2.0 for IT Hardware, as on August 30. The ambitious scheme has generated significant interest, said IT minister Ashwini Vaishnaw.
Prominent global companies like Foxconn, HP, Dell, Lenovo, Thompson, Acer and Asus, have submitted their applications for participation in the scheme. These industry giants are poised to play a significant role in reshaping India’s IT hardware landscape and the Centre is hopeful of a major change similar to what is being seen in the smartphone sector.
Notably absent from the list of applicants is Apple Inc. But, government officials remain optimistic and said the tech behemoth will join the initiative in the near future. Apple’s potential involvement could further boost the scheme’s transformative potential.
Here’s a list of applicants for the PLI Scheme 2.0:
HP India Sales Pvt LtdDell International Services India Pvt LtdFlextronics Technologies (India) Pvt LtdCompetition Team Technology (India) Pvt LtdFoxteq Services India Pvt LtdRising Stars Hi-Tech Pvt LtdSojo Manufacturing Services (AP) Pvt LtdVVDN Technologies Pvt LtdPadget Electronics Pvt LtdSyrma SGS Technology LtdNetweb Technologies India LtdBhagwati Products LtdSahasra Electronic Solutions LtdKaynes Electronics Manufacturing Pvt LtdOptiemus Telecommunication Pvt LtdNeolync Telecommunications Pvt LtdITI LtdSkyquad Electronics and Appliances Pvt LtdMega Networks Pvt LtdRiot Labz Pvt LtdPlumage Solutions Pvt LtdSmile Electronics LtdINP Technologies Pvt LtdPanache Digilife LtdLaxmi Remote (India) Pvt LtdSancraft Industries Pvt LtdK M Electronic Cables Pvt LtdVelankani Electronics Pvt LtdGoodworth Electronics Pvt LtdMirc Electronics Ltd
Other key facts
This scheme for IT hardware covers a diverse range of products, including laptops, tablets, all-in-one PCs, servers and ultra-small form-factor devices. It is designed to revive the IT hardware sector, for which the government has allocated a substantial budgetary outlay of Rs 17,000 crore; this signals a commitment to bolstering the industry as well.
It is set to span six years, which will help provide a stable and conducive environment for companies to make long-term investments and strategic decisions. The scheme also aims at driving growth in the IT hardware sector with an expected incremental production value of Rs 3.35 lakh crore. It is also expected to attract an incremental investment of Rs 2,430 crore, creating an estimated 75,000 direct jobs.