Indian Government Approves 27 Companies for Production Linked Incentive (PLI) Scheme
In a strategic move to strengthen India’s position in the global electronics supply chain, the Indian government has approved 27 companies, including industry leaders Dell, HP, and Foxconn, for participation in the Rs 200 crore PLI scheme. This initiative aims to boost domestic production of IT hardware and achieve an annual output of Rs 30,000 crore by 2026.
Minister for Electronics and IT Ashwini Vaishnaw expressed his satisfaction with the approvals, highlighting that nearly 95 percent of the approved companies are ready to start manufacturing from day one. This development positions India prominently in the production landscape of PCs, servers, laptops, and tablets.
Major industry players such as New Link, Zenus, Mega, Dell, Flextronics, Padget, Foxconn, HP, Lenovo, and Optimus are among the companies granted approval, signaling a significant shift in the value chain towards India.
The approved companies are expected to collectively invest Rs 36 crore and create numerous jobs within the IT hardware sector. This approval is not limited to global players; domestic manufacturers, including Dixon Technologies and VVDN, have also received the green signal.
The sanctioned applications are projected to drive an additional investment of Rs 3,000 crores, significantly increasing the overall production value to Rs 3.5 lakh crores and generating 2 lakh jobs, including 50,000 direct employment opportunities and 1.5 lakh indirect employment opportunities. This move is sure to bolster India’s influence in global technology manufacturing.
