38 IT firms apply to make laptops, PCs under PLI scheme

News Snapshot:

ASUS, DELL, HP, and Foxconn are among 38 companies that have submitted applications to manufacture laptops, personal computers and servers in India under the Centre’s production-linked incentive (PLI) scheme for IT hardware. Apple, however, has opted to skip participation in the scheme. The development comes weeks after the Centre imposed — and then postponed — a licensing requirement on the import of laptops and personal computers, which had set alarm bells ringing at major electronics hardware manufacturers. The move was deferred until October 31. While the expected incremental production at the end of six years of the scheme is estimated...