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Foxconn, Wistron, Dell and 16 other firms apply for PLI investments

According to the ministry, the scheme is expected to lead to total production worth around Rs 1.6 trillion

Production Linked Incentive (PLI) scheme for IT Hardware was notified on March 3
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Production Linked Incentive (PLI) scheme for IT Hardware was notified on March 3

Press Trust of India New Delhi
Apple’s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production-linked incentive (PLI) sch­eme for IT hardware manufacturing, the Ministry of Electronics and IT said on Tuesday.
 
According to the ministry, the scheme is expected to lead to total production worth around Rs 1.6 trillion.
 
Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 trillion, and domestic companies have proposed production to the tune of more than Rs 25,000 crore, Meity said in a statement.
 
“The