Government selects these four global firms to boost IT products manufacturing

MUMBAI: India named Dell Inc, Wistron Corp’s ICT, Flex Ltd and Foxconn’s Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers.

Ten domestic companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp in India, the government said in a statement.

Under the plan, manufacturers get cash-backs of 1% to 4% of additional sales of locally made goods over four years, with 2019-2020 as the base year.

In the next four years these companies are expected to produce Rs 1.61 lakh crore ($21.59 billion) of IT hardware and create more than 36,000 jobs, the government said.