May 5, 2021 02:24 PM
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.
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.