IT hardware PLI: Ten of 40 firms started manufacturing in July

livemint.com:

₹5,010 crore from the 40 applicants, including global IT hardware companies such as Dell and HP that are participating directly under the revised production-linked incentive scheme. Other major players such as HPE, Lenovo, Acer, ASUS, Thomson were participating through electronics manufacturing services providers or contract manufacturers including Flextronics and Rising Stars, a unit of Foxconn Technology Group in India. Officials added that Indian companies such as Padget, a subsidiary of Dixon Technologies, VVDN, Netweb, Syrma, Optiemus Technologies, Sahasra, Neolync, Panache, Sojo, a unit of Lava mobiles, and Kaynes have also participated in the scheme which will get impetus from the strong IT services industry which was driving the demand within the country.

"The scheme has been oversubscribed. Against the budgetary allocation of ₹17,000 crore, applicants have projected PLI amount to the tune of ₹22,890 crore. The production figure projected by these applicants is ₹4.65 trillion - including exports of ₹28,288 crore - against the target of 3.35 trillion," the official said.

Applicants will be selected shortly as per the scheme guidelines within the overall budget outlay of ₹17,000 crore, officials added. The six-year production-linked incentive (PLI) scheme for IT hardware—laptops, tablets, all-in-one personal computers, servers and ultra-small form factor devices—aims to attract top hardware companies. Apple has not applied under the scheme, but one of its contract manufacturers Foxconn, under the entity Rising Stars Hi Tech, is among the 40 applicants.