Brief by Shorts91NewsDesk / 05:35am on 22 Apr 2025,Tuesday Business
India's Production-Linked Incentive (PLI) scheme is reshaping the IT hardware landscape, attracting global giants like Dell, HP, Lenovo, and Acer to manufacture laptops domestically. The initiative offers 4-6% cash incentives on incremental sales, aiming to reduce reliance on Chinese imports, which accounted for over $9 billion in 2023/24. The government has approved incentives for 27 IT hardware manufacturers, targeting $42 billion in production. Local firms like Dixon Technologies plan to meet 15% of domestic laptop demand by FY26. An import management system requires companies to register laptop and tablet imports, signaling a push towards self-reliance and bolstering India's position in the global electronics market. (PC: Vecteezy)
