Nineteen companies, including Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava, have filed for the Production-Linked Incentive (PLI) scheme under the information technology hardware category.
The manufacturing scheme, which was notified on March 3, was open for filing of applications till April 30.
14 companies have filed applications under the category Domestic Companies, according to the Ministry of Electronics and IT (MeitY). These include Dixon, Infopower (a joint venture of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations and Coconics.
Electronics hardware manufacturers that have applied under the IT Hardware category are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava.
The scheme is expected to lead to a total production of about Rs 1.6-lakh crore over the next four years, MeitY said in a statement. Of the total production, IT hardware companies plan to produce over Rs 1.35-lakh crore, and domestic companies over Rs 25,000 crore.
The PLI for IT hardware extends to eligible companies an incentive of four per cent to two/one per cent on the net incremental sales (over the base year of 2019-20) of goods under target segments — laptops, tablets, all-in-one personal computers (PCs) and servers — that are manufactured in India for four years (2021-22 to 2024-25).
The scheme is expected to promote exports; of the total production of Rs 1.6-lakh crore in the next four years, more than 37 percent will be exports worth Rs 60,000 crore. It will bring additional investment in electronics manufacturing of Rs 2,350 crore.
The scheme is expected to generate around 37,500 direct employment opportunities in the next four years and indirect jobs nearly three times that number. The domestic value addition is expected to grow from the current 5-12 percent to 16-35 percent.
