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HP India MD to head ICEA panel to boost IT hardware manufacturing

HP India MD to head ICEA panel to boost IT hardware manufacturing ​ By IANS | ​ 0 Views 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.

Dell, Foxconn, Dixon Selected Under PLI For Making IT Hardware

Dell, Foxconn, Dixon selected under PLI for making IT hardware Adv. New Delhi, July 1 (IANS) The Electronics and IT Ministry has selected 14 applicants under the Production-Linked Incentive (PLI) scheme for IT hardware manufacturing in the country. The major international players selected under the incentive scheme are Dell, Wistron, Rising Stars Hi-Tech (Foxconn) and Flextronics. The domestic companies selected under the scheme are Lava International Ltd, Dixon Technologies (India) Ltd, Infopower Technologies (JV of Sahasra and MiTAC), Bhagwati (Micromax) Neolync, Optiemus, Netweb, Smile Electronics, VVDN, and Panache Digilife. Adv. The PLI scheme for IT hardware, notified on March 3, extends an incentive of 4 per cent to 2 per cent/1 per cent on net incremental sales (over base year of FY20) of goods under target segments that are manufactured in India to eligible companies, for a period of four years (FY22 to FY25).

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