Dell, HP, Bhagwati, Foxconn Among 27 Companies Approved Under PLI 2.0: Union Minister Vaishnaw – News18

Twenty-seven firms have efficiently obtained approvals below the Production Linked Incentive (PLI) scheme 2.0 within the IT {hardware} sector, Union Minister for Electronics and IT Ashwini Vaishnaw has introduced.

“Twenty-three approved companies are ready to start their manufacturing on day zero, while four of the companies will start their production in the next 90 days,” he mentioned.

“Today’s announcement will set us as a very important player in IT hardware which includes laptops, servers and tablets. All these devices will be manufactured under this PLI scheme and that will make us a big force in this sector. In terms of electronics manufacturing, already we are at around $105 billion and we are moving rapidly to $300 billion in the coming few years,” he added.

The outcomes of this approval throughout the scheme’s tenure are projected to be momentous as it’s anticipated to generate substantial employment, offering alternatives for about 200,000 people throughout the nation. This consists of each direct employment, estimated at 50,000 jobs, and a considerable 150,000 jobs not directly inside the IT {hardware} manufacturing ecosystem.

(*27*)Here’s a listing of the accepted firms:

1. Dell International Services India Private Limited
2. Rising Stars Hi-Tech Private Limited (Foxconn Technology Group)
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 Limited
11. Bhagwati Products Limited
12. Netweb Technologies India Limited
13. Genus Electrotech Limited
14. Sahasra Electronic Solutions Limited
15. Hangsine Technosoft Private Limited
16. RIOT Labz Pvt Ltd
17. Smile Electronics Limited
18. Mega Networks Private Limited
19. Plumage Solutions Private Limited
20. HLBS Tech Private Limited
21. Panache Digilife Limited
22. RDP Workstations Private Limited
23. Kaynes Electronics Manufacturing Private Limited
24. INP Technologies Pvt Ltd
25. Optiemus Telecommunication Private Limited
26. ITI Limited
27. Sancraft Industries Private Limited

The approval of those functions is anticipated to catalyse a staggering surge within the manufacturing of IT {hardware}, with an estimated worth projected at a whopping Rs 3 lakh 50 thousand crore. Additionally, the collaborating firms are poised to inject a powerful Rs 3,000 crore into the Indian financial system, amplifying the nation’s industrial potential.