New Delhi, NFAPost: The Ministry of Electronics and IT (MeitY) has approved 14 eligible applicants under the Production Linked Incentive (PLI) Scheme for IT hardware products. The PLI Scheme for IT Hardware extends an incentive of 4% to 2% on net incremental sales over base years of FY20.
The ministry said in a statement, the target segments under this PLI scheme include laptops, tablets, all-in-one personal computers (PCs) and Servers. The scheme proposes production-linked incentives to boost domestic manufacturing and attract large investments in the value chain of these IT Hardware products. The applicants include four companies selected globally, which include Dell, ICT (Wistron), Flextronics and Rising Stars Hi-Tech (Foxconn).
Under the category of Domestic Companies, 10 companies namely Lava International Limited, Dixon Technologies (India) Limited, Infopower Technologies (JV of Sahasra and MiTAC), Bhagwati (Micromax) Neolync, Optiemus, Netweb, Smile Electronics, VVDN and Panache Digilife have been approved.
Ravi Shankar Prasad, Union Minister for Electronics & IT, Communications, Law and Justice said that the PLI scheme has been a huge success in terms of the applications received from Global as well as Domestic manufacturing companies.
The Minister further 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 scheme will generate additional direct employment opportunities of more than 36,000 in next 4 years along with creation of additional indirect employment of nearly 3 times the direct employment. Domestic Value Addition is expected to grow from the current 10-15% to 25-30%, the government further stated.
