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Hardware PLI: Govt cuts manufacturing target by half


Hardware PLI: Govt cuts manufacturing target by half
Kiran Rathee
© Provided by The Financial Express
As per estimates, the global market for laptops, tablets and desktop computers has grown from $229.38 billion in 2018 to $ 240.99 billion in 2019 and is expected to stabilize around $220 billion by 2025.
Even before it gets operationalised, the government has had to cut the output of its production-linked incentive (pli) scheme for IT hardware, which includes laptops, tablets, all-in-one PCs and servers, by half with manufacturers turning up with low bids. As a result, the utilisation of the outlay for the scheme will also come down by a similar quantum and export targets will take a big hit -from Rs 2.45 lakh crore over a four-year period announced earlier to a mere Rs 60,000 crore. ....

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19 cos apply under PLI scheme for IT hardware


19 cos apply under PLI scheme for IT hardware
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19 cos apply under PLI scheme for IT hardware
TNN / Updated: May 5, 2021, 07:48 IST
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Apple s contract manufacturers Foxconn and Wistron are among the companies that have applied for investments under the production-linked incentive (PLI) scheme for IT hardware manufacturing
NEW DELHI: Apple s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic firms Dixon and 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 (Meity) said on Tuesday.
According to the ministry, the scheme is expected to lead to total production worth Rs 1.6 lakh crore. Out of the total, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed output of more than Rs 25,000 crore, Meity said. ....

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