Centre approves Dell, HP, Foxconn, 25 others under PLI scheme for IT hardware

News Snapshot:

Dell, HP, Lenovo and Foxconn are among the 27 companies that have received approval from the Centre to manufacture laptops, computers and servers in India under the government’s Production Linked Incentive (PLI) scheme for IT hardware. “Twenty-three of these companies are ready to start manufacturing on day zero. And four companies will start within 90 days,” IT Minister Ashwini Vaishnaw said Saturday. In May, the Centre had more than doubled the IT Hardware PLI to Rs 17,000 crore with a six year tenure since it was first cleared in 2021 with an outlay of Rs 7,350 crore. The first version...