India’s Ministry of Electronics and Information and Technology approves 14 eligible applicants under the PLI scheme for IT hardware manufacturing. Dixon Technologies is one of the few companies which has been granted under this PLI scheme of Govt of India for the much required IT hardware manufacturing.
Commenting on the occasion, Atul B. Lall, vice chairman & MD of Dixon Technologies said, “Dixon has established itself as one of the leading electronic manufacturing service provider in India. Due to pandemic situation, last few months had been extremely challenging for everyone. However, we sustained during these challenging times due to our commitment towards quality products, strong associations with leading brands and continuous efforts towards foraying into new and emerging segments with the likes of IT hardware manufacturing. We are extremely thrilled that after PU approval for Mobile Phones, we have received PU approval to manufacture IT hardware products as well. We are thankful to Government of India for providing such encouraging platforms to Domestic manufacturing sector. We are positive that we will immensely contribute towards building strong ecosystem for strengthening manufacturing space in India. Also, I would like to take this opportunity to congratulate all the Companies who have achieved this breakthrough along with us.”
Four companies have been selected under the category IT hardware companies include Dell, ICT (Wistron), Flextronics and Rising Stars Hi-Tech (Foxconn).
Under the category of domestic companies, 10 companies namely Dixon Technologies (India), Lava International, Infopower Technologies (JV of Sahasra and MiTAC), Bhagwati (Micromax) Neolync, Optiemus, Netweb, Smile Electronics, VVDN and Panache Digilife have been approved.
Over the next 4 years, the approved companies under the PLI scheme for IT hardware are expected to lead to a total production of more than Rs 1.61 lakh crore. Out of the total production, the approved companies under IT hardware companies category have proposed a production of Rs 84,746 crore. The approved companies under domestic companies category have proposed a production of Rs 76,007 crore. The scheme will bring additional investment in IT hardware manufacturing to the tune of Rs 2,517 crore.
Source: Economic Times