Wed. May 12th, 2021

    Dell and contract producers Foxconn, Wistron and Flextronics are among the many 19 firms which have filed their purposes beneath the manufacturing linked incentive (PLI) scheme for IT {hardware}, notified on March 3, 2021.

    The scheme, with an outlay of Rs 7,350 crore over 4 years, will present monetary incentives within the vary of 4 per cent to 1 per cent on the web incremental gross sales over the bottom 12 months (2019-20) for manufacturing laptops, tablets, all-in-one PCs and companies.

    As per an official assertion, the electronics {hardware} manufacturing firms which have utilized beneath class IT {hardware} firms are Dell, ICT (Wistron), Flextronics, Rising Stars Hello-Tech (Foxconn) and Lava. 14 firms have filed purposes beneath the class home firms which embody Dixon, Infopower (JV of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations and Coconics.

    Over the subsequent 4 years, the scheme is anticipated to result in manufacturing of about Rs 1,60,000 crore. Electronics and IT Minister Ravi Shankar Prasad stated the PLI scheme for IT {hardware} has been an enormous success by way of the purposes acquired. —FE

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