Photograph by Rajwant Rawat
On March 10, the $274 billion, Cupertino, California-based Apple Inc. announced it is starting production of the 5G-compatible iPhone 12 in India. It appeared like a routine announcement. After all, Apple has been assembling older generation iPhones in India through contract manufacturers since 2017. It wasn t.
It might have been a small step for Apple but was a giant leap for Indian manufacturing. India s new Production Linked Incentive (PLI) Scheme to reduce import dependence and promote local manufacturing had lured three of Apple s Taiwanese original equipment manufacturers - Foxconnn Hon Hai, Wistron and Pegatron - to pump in millions of dollars to expand Indian facilities. They will move a step up from assembling imported parts here to making or sourcing more components locally. Like Apple, about 70 firms have shown interest in availing the PLI Scheme to set up manufacturing facilities in three key sectors: mobile and electronic components; pharma
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PLI in IT hardware to help India become global manufacturing hub
PLI in IT hardware: The government is also estimating production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore in four years
Nidhi Singal | February 25, 2021 | Updated 12:53 IST
Govt approves Rs 7,350 crore PLI scheme for IT hardware
Amid huge reliance on imports for IT hardware including laptops, tablets, all-in-one PCs, and servers, the union cabinet has approved production link incentive for IT hardware products. The total cost of the proposed scheme is pegged to be approximately Rs 7,350 crore over four years. PLI for IT Hardware products will be a game-changer for the electronic manufacturing industry. The scheme will help in generating more value add in the country and exports too. We hope to see a strong electronic component chain also developing alongside with the help of these schemes, says Manish Sharma, Chairman, FICCI Electronics and White Goods Manufacturing Committee.
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Navkender-singh
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