New Delhi, Sep 9 (IANS) Union Electronics and IT Minister Ashwini Vaishnaw on Monday announced that consumer electronics majors HP Inc and Padget Electronics have signed a MoU to manufacture HP laptops, personal computers and all-in-one PCs at a factory in Tamil Nadu.
Vaishnav told reporters here that this is a big success for the production-linked incentive (PLI) scheme under Prime Minister Narendra Modi’s ‘Make in India’ programme.
“In the last 10 years, electronics manufacturing in India has crossed Rs 10 lakh crore (from Rs 2.4 lakh crore in 2014), employing over 10 lakh people. Due to the PLI for IT Hardware scheme, India has emerged as a manufacturing hub for major IT hardware brands,” the minister said.
Production of HP appliances under the tie-up with Paget Electronics, a subsidiary of homegrown Dixon Technologies, is set to begin from January next year and is expected to reach 20 lakh units per annum in the next two years after the production facility at Oragadam, an industrial suburb of Chennai, becomes operational.
Minister Vaishnaw said that this will create more than 1,500 direct jobs and the pageant will gradually increase local manufacturing of components, modules and peripherals, creating more jobs. Global electronics brands are partnering with India-based manufacturers amid the growing electronics ecosystem in the country.
According to industry experts, the IT hardware sector in India is still at a nascent stage and making global giants such as Dell, HP, ASUS, Lenovo and Essar feel secure in making the country their manufacturing hub will be a key factor.
The revised PLI 2.0 for IT Hardware scheme, with an increased budgetary outlay of Rs 17,000 crore and an extended tenure of six years, is expected to generate incremental production of Rs 3,35,000 crore.
The scheme aims to generate 75,000 direct jobs and more than 2,00,000 indirect jobs. This will increase employment opportunities in the sector.
–IANS
AKS/CBT
