India: Dell, HP and other 27 companies have been approved for IT hardware production-linked incentives

[Gearbest News]Recently, Gearbest noticed that Ashwini Vishnu, India’s Minister of Electronics and Information Technology, said that 27 companies, including Dell, HP, Hon Hai and Lenovo, have received production-linked incentive plans for IT hardware ( PLI) approval, “23 of them are ready to start production immediately and 4 companies will start production within 90 days.” Vishnu said that these 27 applications will bring in nearly 30 billion rupees (about 360 million U.S. dollars) in investment and are expected to create about 50,000 direct jobs, and indirect job opportunities are expected to reach nearly 150,000.

Dell, HP and others have been approved for IT hardware production-linked incentives

It is worth noting that Dell, HP, and Lenovo all have a very large influence in the PC market. Some netizens speculated that this may mean that India plans to upgrade the domestic PC industry chain.

It is worth mentioning that according to the “Legal Daily”, many Chinese manufacturers, including Luxshare Precision and BYD, have suspended their investment plans in India and shifted investment to other developing countries such as Vietnam.

Among them, Luxshare Precision changed its previous investment plan of US$330 million (approximately RMB 2.37 billion) and gave up investing in and setting up factories in India. Many Indian media concentrated on saying: “This is India's loss.” At the same time, BYD tried to set up an iPad assembly line in India in February 2021, and had previously tried to participate in India's incentives for smartphone production. But at present, BYD's investment has been transferred to Vietnam, and it plans to invest US$183.7 million in the production of electronic components.

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