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Dell, HP, Foxconn, Lenovo among 27 firms granted approval under new IT hardware PLI scheme

India Business News: Twenty-seven companies, including industry leaders Dell, HP, Foxconn, and Lenovo, have received approval for the new Production-Linked Incentive (PLI)

PLI scheme: PLI boost: Govt grants approvals to 27 firms including Dell, Foxconn under new IT hardware PLI scheme

The Indian government has approved 27 firms, including Dell, Foxconn, HP, and Lenovo, under a new IT hardware scheme. Around 30 out of 40 applicants are expected to qualify for the Rs 17,000-crore production linked incentive (PLI) scheme.

Government grants incentives for Dell, HP, Foxconn to make IT hardware locally

The scheme is key to India s ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.

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