This development aligns with India’s proactive strategy to attract IT hardware companies through enticing policies and incentive programmes, with the overarching goal of positioning itself as a leading global hub for cutting-edge manufacturing.
The anticipated investment from these 27 approved companies is estimated to reach Rs 3,000 crore.
Expressing satisfaction, IT minister Ashwini Vaishnaw said: “I am delighted to announce that 27 companies have secured approval under the PLI IT hardware scheme. Nearly 95% of these companies are geared up to commence manufacturing operations right from day one. This strategic initiative positions us robustly to emerge as a significant player in the manufacturing landscape, encompassing PCs, servers, laptops, and tablets.”
(With inputs from agencies)