Centre approves 14 eligible applicants under PLI scheme for IT hardware business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The electronics hardware manufacturing companies that have applied under category IT Hardware Companies are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava, Meity said
Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed production to the tune of more than Rs 25,000 crore, Meity said in a statement.
Foxconn, Wistron, Dell, 16 others apply for investments under PLI scheme for IT hardware
Representative image
Apple s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production linked incentive scheme for IT hardware manufacturing, the Ministry of Electronics and IT said on Tuesday.
According to the Ministry, the scheme is expected to lead to total production worth around Rs 1.6 lakh crore.
Production Linked Incentive (PLI) scheme for IT Hardware was notified on March 3. The scheme provides an incentive of 1 to 4 per cent to eligible companies on net incremental sales over the base year of FY 2019-20 of goods under target segments that are manufactured in India for a period of four years (FY 2021-22 to FY 2024-25).
Apple’s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production-linked incentive (PLI) scheme for IT hardware manufacturing, the Ministry of Electronics and IT said on Tuesday.
According to the ministry, the scheme is expected to lead to total production worth around Rs 1.6 trillion.
Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 trillion, and domestic companies have proposed production to the tune of more than Rs 25,000 crore, Meity said in a statement.
“The electronics hardware manufacturing companies that have applied under category IT Hardware Companies are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava, Meity said.