As many as 17 firms under IT hardware PLI to start production this year: IT Secretary
Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production,...
The government in November, 2023 approved the application of 27 companies, including Dell, HP, Foxconn, Lenovo, Netweb Technologies, under new production-linked incentive (PLI) scheme for IT hardware.
Among the big names that have been granted approval under the IT hardware scheme are Flextronics, VVDN, and Optiemus. Other applicants that have received the green signal include Padget Electronics, SOJO Manufacturing Services, Goodworth, Neolync, Syrma SGS, Mega Networks, Panache Digilife, and ITI Ltd, among others.
On the Rs 10,372-crore India AI mission, Krishnan said domestic companies will get preference.
The Cabinet on March 7 this year approved the India AI Mission with an outlay of Rs 10,372 crore for five years to encourage AI development in the country.
The approved corpus will be used to build a high-end scalable AI ecosystem in public-private partnership mode. The mission will be implemented through the IndiaAI Independent Business Division (IBD) under Digital India Corporation (DIC).
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