27 Companies approved for Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware

NEW DELHI : In a significant development, a total of 27 companies have received approval for the Production-Linked Incentive (PLI) Scheme 2.0 in the IT hardware sector. Out of these, 23 are poised to commence production from Day Zero, while the remaining four are scheduled to start production within the next 90 days. This announcement was made by Sri Ashwini Vaishnaw, Minister of Information Technology.

The Government of India witnessed a robust response to the PLI Scheme 2.0, with a total of 38 applicants vying for incentives aimed at boosting India’s manufacturing capabilities and promoting exports in the IT hardware sector. The application window for the scheme closed on August 30, 2023.

The list of approved companies includes:

1. Del International Services India Private Limited
2. Rising Stars Hi-Tech Private Limited
3. HP India Sales Private Limited
4. Flextronics Technologies (India) Private Limited
5. Padget Electronics Private Limited
6. SOJO Manufacturing Services (AP) Private Limited
7. VVDN Technologies Private Limited
8. Goodworth Electronics Private Limited
9. Neolync Tele Communications Private Limited
10. Syrma SGS Technology Ltd.
11. Bhagwat Products Limited
12. Netweb Technologies India Limited
13. Genus Electronics Limited
14. Sahasra Electronic Solutions Limited
15. Hangsine Techmosof Private Limited
16. Riot LabzPvt Ltd
17. Smile Electronics Limited
18. Mega Networks Private Limited
19. Plumage Solutions Private Limited
20. HLBS Tech Private Limited
21. Panache Digife Limited
22. RDP Workstations Private Limited
23. Kaynes Electronics Manufacturing Private Limited
24. INP Technologies Private Limited
25. Optiemus Telecommunication Private Limited
26. ITI Ltd
27. Sancraft Industries Private Limited

Background

The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, approved the introduction of the PLI Scheme 2.0 for IT Hardware on May 17, 2023, as part of the Atmanirbhar Bharat initiative. The scheme was officially notified on May 29, 2023. PLI Scheme 2.0 aims to enhance India’s manufacturing capabilities, foster exports, and promote the localization of components and sub-assemblies, thereby contributing to the development of a robust supply chain within the country.

PLI 2.0 IT Hardware

The Government has approved the PLI Scheme 2.0 for IT Hardware with a budgetary allocation of ₹17,000 crore.

The scheme aims to result in a total production value of approximately ₹3.35 lakh crore and attract an additional investment of ₹2,430 crore in electronics manufacturing. It shall create 75,000 additional direct jobs.

This scheme will promote large-scale manufacturing in laptops, tablets, all-in-one PCs, servers, and ultra-small form factor (USFF) devices. Resulting in significant contribution to the goal of achieving an electronics manufacturing turnover of approximately USD 300 billion by 2025-26.