IT Hardware PLI 2.0: Govt approves Dell, HP, Foxconn among 27 firms

The government has approved applications of 27 companies such as Dell, HP, Lenovo, Foxconn, among others, out of the 40 proposals it received under the Rs 17,000-crore IT hardware production-linked incentive scheme, communications and IT Minister Ashwini Vaishnaw said on Saturday.

The companies will manufacture laptops, servers, and personal computers (PCs) as part of the scheme and will collectively invest Rs 3,000 crore.

“23 out of these companies are ready to start manufacturing on day zero. And four companies will start their production within next 90 days,” Vaishnaw said. The companies approved will lead to additional production worth Rs 3.5 trillion and generate direct employment of 50,000, and indirect employment of 150,000, the minister added.