Optiemus Electronics will soon start production under the PLI regime for computer hardware, Telecom News, ET Telecom
“We strongly believe that this program will allow us to be competitive in manufacturing these products in India for domestic and export needs. India holds immense potential in manufacturing electronics products and this program has the potential to act as a catalyst in realizing our Prime Minister’s vision of “Atmanirbhar Bharat”, said A. Gururaj, Managing Director, Optiemus Electronics Limited.
In addition to Optiemus Electronics, multinational companies like Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and local companies like Lava, Dixon and others have been approved under the program, according to a Department of Electronics and Computer Version (MeitY).
The ministry also approved 10 companies, namely Lava International Limited, Dixon Technologies (India) Limited, Infopower Technologies (JV de Sahasra and MiTAC), Bhagwati (Micromax) Neolync, Optiemus, Netweb, Smile Electronics, VVDN and Panache Digilife.
The scheme, which was notified on March 3, 2021, offers a 4% to 2% / 1% incentive on net incremental sales (over the base year of fiscal year 2019-2020) of products from the target segments produced. in India to qualifying companies. , for a period of four years (FY2021-22 to FY 2024-25).
The PLI diagram for computer hardware covers the device segments, namely laptops, tablets, all-in-one personal computers (PCs) and servers. The program offers production-related incentives to boost domestic manufacturing and attract significant investment in the value chain of these computer hardware products.
Over the next 4 years, companies approved under the PLI Scheme for IT Hardware are expected to lead to a total production of over Rs 1.61 lakh crore.
Out of the total production, the companies approved in the category of computer hardware companies proposed production of Rs 84,746 crore. Companies approved in the Domestic Business category have proposed production of Rs 76,007 crore. The program will bring additional investments in the manufacture of computer equipment to the tune of Rs 2,517 crore.