A total of 32 applications have been submitted to the Indian government for approval under the production-linked incentive (PLI) scheme 2.0 aimed at boosting the IT hardware sector, NDTV has reported.
Out of these, 25 applications come from domestic companies, IT Minister Ashwini Vaishnaw disclosed during a presser on Wednesday (30 August).
This announcement closely follows the recent imposition of restrictions on laptop imports starting from November.
Vaishnaw noted that well-known names such as HP, Dell, Lenovo, Thompson, Acer, and Asus are among those planning to commence laptop production under the PLI scheme. Additionally, HP, VVDN, and Lenovo are set to embark on server manufacturing.
He clarified that while Apple did not apply for the PLI scheme, the company is already engaged in manufacturing various components within the country.
This strategic move is expected to significantly curtail the reliance on laptop and PC imports, effectively addressing previous concerns over import restrictions.
Addressing potential apprehensions, Vaishnaw said, "I spoke to all the applicants, and they didn't raise any concern."
The minister further shared that the projected outcome of this initiative is an incremental production value of approximately Rs 3.35 lakh crore, coupled with the generation of an estimated 75,000 direct employment opportunities in the Indian economy.
Vaishnaw highlighted the upcoming Dixon factory in Noida, which is anticipated to singularly employ a workforce of 25,000 individuals.
The timeline for laptop manufacturing initiation has been set for April 2024, with companies like Dell also making a transition to the PLI scheme.
Responding to queries about India capitalizing on major players moving away from China due to its economic slowdown, Vaishnaw emphasized that India is emerging as a dependable partner within global value chains.
He underscored, "Many of these companies will use the semiconductors manufactured in India. In fact, they were pleased we are starting with the manufacturing of memory first, which is crucial for laptops. Companies have shared their detailed proposals. We are optimistic more will join."
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