India offers firms more time to seek IT hardware production incentives

Wistron

14/07/2023 14:24

NEW DELHI, July 14 (Reuters) - India has extended the
deadline for companies to seek incentives for IT hardware
production under a recently expanded scheme meant to attract
big-ticket investments to the end of July, according to a
government statement on Friday.
    The window to apply for the scheme - PLI 2.0 for IT Hardware
- was previously supposed to close on July 15.
    In May, New Delhi doubled the amount allocated towards this
scheme to 170 billion rupees ($2.07 billion), as it aims to spur
domestic production of laptops and tablets.
    The programme, which also covers personal computers and
servers, is expected to benefit global and Indian companies such
as Dell  DELL.N , Wistron  3231.TW , Dixon  DIXO.NS , and
Foxconn  2317.TW .

($1 = 82.1340 Indian rupees)

 (Reporting by Shivangi Acharya; Editing by Varun H K)
 ((Shivangi.Acharya@thomsonreuters.com;))