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Green light! India offers corporate subsidies to 27 IT hardware giants
Nov 29,2023
A few days ago, according to the approval of the Indian government this year.ITHardware-linked production incentive plan (PLI）2.0version, India will offer some incentives to companies for products made in the country.
Recently, technology giants Lenovo, Dell, HP, Asus, Acer, etc.27The company has been approved to produce in India.ITHardware. India's Ministry of Electronics and Information Technology confirmed the news in a recent statement.
IT hardware giants cluster in India
India's Minister of Electronics and Information TechnologyAshwini Vaishnawsaid,27Among the approved enterprises, there are.23Home ready to start production immediately, plus4The company will be in90Start production within days.
The ministry said,ITThe hardware manufacturing industry faces a lack of fair competition……There is a need for a mechanism to fill the gaps compared to other major manufacturing economies.
in addition, the ministry added,ITHardwarePLIPlan2.0It is expected to expand and deepen the manufacturing ecosystem by encouraging the localization of components and components and allowing the development of supply chains in India for a longer period of time.
It is expected that with the help of this incentive program, IndiaITThe hardware market is expected to increase from2022of the year155.2billion dollars to grow2027of the year227.7Billions of dollars.
According to Indian media reports,ITHardwarePLI 2.0As part of the plan, the Indian government received38An application for the production of laptops in India.
These include reports from Dell, HP, Foxconn, Asus, Acer andFlexsuch as globalPCManufacturer's application for the manufacture of laptops in the country.
In order to obtain this funding, they must set up manufacturing plants within India and ship a specified quantity of products each year. It is worth noting that Apple and Samsung did not apply to join the new program.
From the perspective of development potential, India, as the world's second most populous country, has a huge domestic demand market and relatively low labor costs, which provides favorable conditions for the development of electronic manufacturing.
in addition,In recent yearsThe Indian government has introduced a number of reforms to attract foreign investment.
PLIThe plan, as one of the important initiatives, will help to enhance India's position in the global electronics manufacturing industry.2026Annual gross output value3000billion dollar goal.
It is worth noting that the Indian government also issued an announcement earlier to restrict the import of personal computers, including laptops and tablets.11Month1effective date.
Currently, according to the latest news, localITHardware companies have held talks with the Indian government to request an extension of import restrictions from the initial2023Year11Month1Day extended2024Year11Month1day.
"Made in India" big country dream
According to the United StatesCNBCThe website reported that the plan was budgeted1700billion Indian rupees (approx.20billion dollars), for a period6covering laptops, tablets, micro-PCs and servers.
That is, vendors participating in the program will be able to share about six years.20billion dollars in subsidy funds.
In addition, the Government of India stated that,PLI 2.0will create up20Ten thousand jobs and generate3.6The inbound investment of US $100 million has greatly promoted the Indian economy.
The total value of hardware manufactured under the program will reach420Billions of dollars.
according to our understanding,PLIThe plan was first2020Year launched. The Indian government says the plan is to make India a“Global Electronics Manufacturing Center”The key to the goal is2026annual total output value3000Billions of dollars.
The program now covers India.14major manufacturing sectors.
However, the plan also faces many challenges.According to Indian news website“The Wire”Reported that at present, the plan still has a lot of shortcomings.
PLIThe plan was initially high hopes, however, as2023Year3month, only290100 million rupees (about3.4billion dollars) to complete the payment. In response, Indian government officials said they would review the plan to identify shortcomings.
PLIThe plan is lower than expected, but it is worth noting that India attracted Apple to assemble phones in India. But around India productioniPhoneThe dispute over quality has not stopped.
Earlier, India's "First Post" reported that India's production of Apple mobile phones have quality problems. Among them, the mobile phone shell produced by Tata Company of India is about.50%Did not pass the quality control test for apples.
But objectively, thanks to the relevant plans, India's mobile phone exports and electronics manufacturing are still showing a certain upward trend.
According to the Economic Times of India, this year4-8In January, India's mobile phone exports almost doubled55Billions of dollars. India's electronics manufacturing output exceeds1500Billions of dollars.
Perhaps India has a long way to go to create the dream of a great power.
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