INDUSTRY

Dell, Foxconn, Lava among 19 companies in the race for PLI Scheme for IT hardware

A total of 19 companies, including Dell, Rising Stars Hi-Tech (Foxconn) and Lava, have filed applications under the Production-Linked Incentive (PLI) Scheme for IT hardware. The other electronics hardware manufacturing companies that have applied under the category of IT hardware companies are ICT (Wistron) and Flextronics, according an official statement. 


Moreover, 14 companies have filed applications under the category of domestic companies, which include Dixon, Infopower (JV of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations and Coconics. 


These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in IT hardware production, the IT Ministry has said in a statement. 


The PLI Scheme for IT hardware was notified on March 3, 2021. The scheme extends an incentive of 4 to 2 per cent or 1 per cent to eligible companies on net incremental sales over base year of 2019-20 of goods under target segments that are manufactured in India for a period of four years (2021-22 to 2024-25). 


Union Minister for Electronics and IT Ravi Shankar Prasad has said that the PLI Scheme for IT hardware has been huge success in terms of the applications received from global as well as domestic companies engaged in manufacturing electronics hardware products. 

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