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Several months following the government's endorsement of a revised production-linked incentive (PLI) for IT hardware, Lenovo, the Chinese tech giant,

Margins in the mobile and electronics manufacturing segment are low, but the company’s decision to increase the division’s contribution to overall revenue could boost volumes

Saurabh Gupta, Chief Financial Officer, Dixon Technologies said that for the next financial year the firm aims to capture at least 10-15% of Lenovos volume requirements for the Indian market

The contract is subject to signing of a definitive agreement between the two companies, the company said in a notice to the stock exchange Monday. Once finalised, the electronics manufacturing service provider will be making notebooks and laptops for Lenovo, which was marginally ahead of Dell to become the second largest PC brand in the September quarter, as per IDC.

Among the 27 companies approved for the IT hardware Production-Linked Incentive (PLI) 2.0 are major consumer...

India Business News: Twenty-seven companies, including industry leaders Dell, HP, Foxconn, and Lenovo, have received approval for the new Production-Linked Incentive (PLI)

The Indian government has approved 27 firms, including Dell, Foxconn, HP, and Lenovo, under a new IT hardware scheme. Around 30 out of 40 applicants are expected to qualify for the Rs 17,000-crore production linked incentive (PLI) scheme.

The scheme is key to Indias ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.

India News: 27 companies, including global Dell, HP, Foxconn, and Lenovo, and local Optiemus, Padget, and VVDN, have been granted approval under the upgraded Rs 1

India Business News: The Indian government has approved 110 out of 111 applications for the import of laptops, computers, and other IT hardware products. Companies such as