Foxconn, Wistron, Dell, 16 others apply for investments under PLI scheme for IT hardware
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Apple s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production linked incentive scheme for IT hardware manufacturing, the Ministry of Electronics and IT said on Tuesday.
According to the Ministry, the scheme is expected to lead to total production worth around Rs 1.6 lakh crore.
Production Linked Incentive (PLI) scheme for IT Hardware was notified on March 3. The scheme provides an incentive of 1 to 4 per cent to eligible companies on net incremental sales over the base year of FY 2019-20 of goods under target segments that are manufactured in India for a period of four years (FY 2021-22 to FY 2024-25).
Apple’s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company 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 said on Tuesday.
According to the ministry, the scheme is expected to lead to total production worth around Rs 1.6 trillion.
Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 trillion, and domestic companies have proposed production to the tune of more than Rs 25,000 crore, Meity said in a statement.
“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.
witnessed over 18 per cent growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20, Pharmaceuticals Export Promotion Council of India (Pharmexcil) said on Saturday. We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion), Udaya Bhaskar, Director General of Pharmexcil said in a release. Growth rate seems relatively big as the exports of March 2020 was crunched due to lockdown across the world and supply chain disruption, he was quoted as saying.
Centre notifies PLI scheme for component makers of ACs and LED lights
April 17, 2021
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The Scheme shall extend an incentive of 4 per cent to 6 per cent on incremental sales over the base year of goods manufactured in India
The Central government has formally notified the ₹ 6,238 crore- Production Linked Incentive (PLI) Scheme for component makers in the air-conditioners and LED lights segments.
In the AC segment, incentives under the scheme will be provided to companies manufacturing various components which include compressors, copper tubes, aluminium foil, PCB assembly of controllers, BLCD motors, service valves and cross flow fans besides sub-assemblies.
In the LED lights segment, companies making components such as LED Chip Packaging, LED Chips, LED Drivers, LED Engines, packaging, modules, Resisters, ICs, Fuses, wire wound inductors among others, will be eligible to avail benefits under the scheme.