India’s Production Linked Incentive (PLI) scheme for IT hardware is proving to be a game-changer, as it fuels the growth of domestic laptop production. This initiative has gained momentum as global brands including Asus, MSI, and HP are forging partnerships with Indian manufacturers. The ongoing trade tensions between China and the US have further accelerated this trend, with companies keen on establishing or expanding their local manufacturing operations to capitalize on the incentives offered under the scheme. By leveraging this opportunity, India is on track to strengthen its position in the global IT hardware market, with a focus on boosting local production and reducing dependency on imports. The collaboration between international tech giants and Indian manufacturers is expected to not only enhance the country’s manufacturing capabilities but also create employment opportunities and contribute to the overall growth of the IT industry. As the demand for laptops continues to rise, this strategic move is set to bolster India’s economy and solidify its position as a key player in the global tech landscape.

Posted in
JUST IN
“India’s IT hardware PLI scheme attracts global brands for local laptop production amid trade tensions”
In Trend

Bajaj Finance shines with 36% return, adds ₹1.5 lakh crore to wealth; Analysts bullish on growth diversification
