HP, Dell and Lenovo among 27 firms granted approval to manufacture tech hardware in India under incentive scheme
Publishing timestamp: 2023-11-21 01:36:37
Summary
Dell, HP, and Lenovo are among 27 companies that have been approved to manufacture tech hardware in India under the production-linked incentive scheme. The scheme aims to boost domestic production and attract investments in the value chain. The approved companies are expected to invest $360 million and create around 200,000 jobs. The Indian IT hardware market is projected to grow significantly, and the scheme is expected to encourage localization of components and sub-assemblies.
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Keywords: lenovo group ltd, apple inc, asia economy, hon hai precision industry co ltd, hewlett packard enterprise co, dell technologies inc, computer hardware, breaking news: technology, business news, technology, foxconn technology co ltd,