Profit Sheets

PLI Scheme: Application of 19 IT companies under PLI Scheme

May 5, 2021 02:24 PM

PLI Scheme, Application of 19 IT companies under PLI Scheme
The PLI 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.

19 companies have applied for the Product Based Promotion PLI Scheme (PLI) for the manufacture of IT hardware products. According to the Ministry of Electronics and IT, this includes companies such as Foxconn and Wistron, which manufacture Apple phones on a contract basis, as well as Dell, Lava and Flextronics.

The total production value of the scheme is estimated at Rs 1.6 lakh crore. Of this, IT hardware companies alone submitted proposals to manufacture products worth Rs 1.35 lakh crore. Fourteen domestic companies will manufacture products worth over Rs 25,000 crore, including Dixon, Infopower, Bhagwati (Micromax), Sirma and Arbic.

Also Read: UBS‌ Estimates; Production of 60 lakh doses per day by November

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 PLI 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.

Leave a comment

Your email address will not be published. Required fields are marked *


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here


NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592