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HP India MD to head ICEA panel to boost IT hardware manufacturing
By IANS |
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HP India Managing Director Ketan Patel.. Image Source: IANS News
New Delhi, July 21 : As the government doubles down on IT hardware manufacturing in the country, the India Cellular & Electronics Association (ICEA) on Wednesday announced a high-level committee to boost manufacturing and exports of the IT hardware (laptop/tablet) sector.
The panel, chaired by HP India Managing Director Ketan Patel, will create a roadmap to ensure significant investments for the creation of a globally competitive IT hardware component, parts, and design ecosystem in India by 2026.
According to Patel, the PC and tablet market is approximately $230 billion globally and it is essential to create economies of scale to build a sustainable manufacturing base in India.
Synopsis
Dixon, the largest Indian electronics products manufacturer, is setting up its 13th factory in Noida for laptops and tablets, which is expected to start production in the next four months.
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Homegrown electronics makers such as Dixon Technologies, Infopower Technologies, VVDN and Bhagwati Products (Micromax) have committed more than Rs 200 crore to expand IT hardware manufacturing capacity under the government’s production-linked incentive (PLI) scheme.
The Rs 7,350-crore incentive scheme – notified in March - stretches over a four-year period from April 2021 to March 2025.
Dixon, the largest Indian electronics products manufacturer, is setting up its 13th factory in Noida, Uttar Pradesh, for laptops and tablets, which is expected to start production in the next four months.