We look at the latest developments boosting the investment viability of India's IT sector, including push for local hardware manufacturing and 5G trials.
The Department of Telecommunications (DoT) in India announced the operational guidelines for the production-linked incentive (PLI) and invited applications for the scheme for telecom and networking equipment.
The electronics hardware manufacturing companies that have applied under category IT Hardware Companies are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava, Meity said
India wanted five global players. And it got only five applications from qualifying companies Share
Copy
India has met its target to lure five global server, PC, and tablet computer manufacturers to its shores, but in a slightly unusual way.
A Production Linked Incentive Scheme announced in February 2021 set a goal of five major global players willing to set up shop in India in return for a shared pool of subsidies worth up to $1bn that will be paid over four years. Ten Indian operators were also sought and are eligible for the payments.
India s government yesterday revealed that four offshore companies have applied to participate in the scheme, namely Dell, ICT (Wistron), Flextronics, and Foxconn offshoot Rising Stars Hi-Tech.
Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed production to the tune of more than Rs 25,000 crore, Meity said in a statement.