Foxconn, Dell apply for PLI under IT hardware

Output may be worth ₹1.6 lakh crore

Apple’s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production-linked incentive scheme for IT hardware manufacturing, the Ministry of Electronics and IT said. According to the Ministry, the scheme is expected to lead to total production worth about ₹1.6 lakh crore. Out of the total production, IT hardware companies have proposed production worth more than ₹1.35 lakh crore, and domestic companies have proposed production to the tune of more than ₹25,000 crore, Meity said in a statement.