Stay updated with breaking news from Kaynes Tech. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The union government Saturday approved IT hardware manufacturing proposals from 27 companies — both global and domestic — that will bring in cumulative investments of ₹3,000 crore over the next six years.
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 ministry of electronics and information technology may send a confirmation to these companies and make the announcement over the next few days, according to sources aware of the developments.
PLI Scheme: In August, the government had said that it had received proposals from 40 companies with expected incremental investments of Rs 5,010 crore. This was towards additional production worth Rs 4.65 lakh crore over six years, including exports of Rs 28,288 crore during the period.
HP, Dell, Lenovo, Padget (Dixon), VVDN, Netweb and Optiemus have not officially commented on the approvals, , centre, Approve, IT Hardware Proposals, hp, Lenova, Flexotronics