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India’s ambitious push to become a global IT hardware manufacturing hub

September 14, 2023 2:52 PM IST

PLI 2.0 scheme | IT hardware manufacturing

India is aiming to transform itself into a hub for IT hardware manufacturing. In that line, Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT Rajeev Chandrasekhar informed that the government’s efforts to get big IT companies to make their products in India are successful. He further said that close to 40 applications were submitted under the PLI 2.0 scheme, which included an array of major global IT and domestic champions.

“This is happy news that some of the world’s largest IT companies, such as Dell, HP, ASUS, and Acer, have applied for the PLI 2.0 scheme. This shows that they are interested in manufacturing computers in India,” said the Minister.

Stressing the strong response received from the industry, the Minister said, “We are happy that the scheme has been well-received by the industry. We want the big IT companies to manufacture their products in India and export them from here. This will create opportunities for jobs and investments.

Notably, global tech giants such as Dell and HP are participating directly under the scheme, while other players like HPE, Lenovo, Acer, ASUS, and Thomson are participating through EMS companies having manufacturing facilities in India. In addition, the scheme is also witnessing the participation of domestic companies like Padget (Dixon), VVDN, Netweb, Syrma, Opiemus, Sahasra, Neolync, Panache, and Sojo (Lava), among others.

“From almost nothing pre-2014, our aim is to build a $300 billion electronics industry and a $1 trillion digital economy by 2026,” asserted the Minister.

Stepping stones for a flourishing electronics industry, earlier in May this year, the government sanctioned the PLI 2.0 scheme for IT hardware, allocating Rs 17,000 crore, double the budget from the 2021 scheme. The initiative is expected to generate direct employment for 75,000 professionals, along with an incremental investment of Rs 2,430 crore and an incremental production of Rs 3.35 lakh crore.

It is pertinent to note that this surge in interest from major global IT players and domestic companies signals a transformative shift in India’s electronics and IT manufacturing landscape.

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Last updated on: 20th July 2024