IT major HP is reportedly in talks for its application for the Production Linked Incentive Scheme 2.0 (PLI 2.0) which was recently revised by the Centre and has been receiving excellent response since then.
HP’s PLI 2.0 participation was highlighted by a media report on Thursday which said the company is aiming to expand its manufacturing operations within the country including consumer PCs.
Furthermore, the report said HP is expected to invest between Rs 250 to 300 crore to start its new manufacturing in India. However, the company is already making a range of commercial laptops, desktops, All-in-One (AIO) PCs and workstations in the country.
Underlining India’s dynamic market for personal computers, HP said as a longstanding partner in the country’s digital journey it is delighted to welcome the PLI’s revision for IT hardware manufacturing and is looking forward to exploring opportunities to meet the growing demand for PCs.
The PLI was announced in May 2021 to boost the global manufacturing hub for laptops and tablets and increase its participation in the value chain of electronics. The PLI 2.0 has received proposals worth Rs 22,880 crore and the government has outlaid Rs 17,000 crore for the scheme, according to Union IT and Telecom Minister Ashwini Vaishnaw.