In a significant development supporting the Indian government’s Make-In-India initiative, 38 companies, including 25 domestic ones, have applied for the PLI Scheme 2.0 for IT hardware. Global PC giants like Dell, Hewlett Packard, Foxconn (via a subsidiary), Asus, Acer, and Flex were among the notable international applicants who submitted their applications before the Wednesday deadline. However, companies like Apple and Samsung are not currently part of the scheme, as the application window closed recently.
Among the Indian applicants, prominent names include Dixon Technologies (India), VVDN Technologies, Optiemus Infracom, and Sahasra Electronic Solutions. The primary objective of this scheme is to stimulate incremental production valued at INR 3.35 trillion over the next six years.
This development comes on the heels of the Indian government’s imposition of restrictions on the import of laptops and tablets. Registration mandates have been introduced for companies looking to import laptops, tablets, and personal computers into the country. Starting November 1, only companies with valid licenses will be permitted to import these products. The move aims to reduce import dependence and promote domestic manufacturing, driven by security concerns to ensure the entry of trusted hardware into the country.
In recent years, major foreign players like Dell, Acer, Samsung, Panasonic, Apple, Lenovo, and HP have dominated the Indian market for laptops and PCs. Despite challenges, including a steep YoY decline of 28.5% in Q4 2022, the Indian traditional PC market showed resilience, growing 0.3% YoY in 2022 to reach 14.9 million units.
Earlier this year, India announced a $2 billion production-linked incentive (PLI) scheme to bolster domestic manufacturing in the IT hardware sector, encompassing laptops, PCs, servers, and related-edge computing equipment. This initiative underscores the government’s commitment to fostering self-reliance and promoting local production in the tech industry.