CCI allows India Resurgence Fund to pick up equity in Digvijay Cement (See 'Corp Brief') CCI okays merger of ADES International Cayman, with and into Shelf Drilling (See 'Corp Brief') IBC - Assignment of loan by lender/bank to new entity does not necessarily require express consent of borrower, but knowledge by borrower would suffice: HC (See 'Legal Desk') Govt introduces new modalities under PMFBY to strengthen farmer protection (See 'Corp Brief') Second regional meeting of Urban Development Ministers held in Hyderabad (See 'Corp Brief') Trade Marks Act - New trade mark be struck off where it seeks to bank on existing goodwill accumulated by original trade mark & where original mark's owner has superior right over trade mark: HC (See 'Legal Desk') Reddy to inaugurate GSI's International Seminar in Jaipur (See 'Corp Brief') Joshi highlights role of technology in strengthening PDS and reaching the poorest (See 'Corp Brief') SAFEMA: If relative or associate of convict/detenue establish that property is not acquired with monies or assets provided by detenu, then properties of relatives/associates cannot be forfeited even if illegally acquired: SAFEMA (See 'Legal Desk') Mandaviya inaugurates EPFO's first-ever Modernised Digital Pavilion at IITF 2025 (See 'Corp Brief') NHAI takes Initiative to Publish Updates for Underbidding Projects on Website (See 'Corp Brief') India, Russia hold High-Level Interagency Consultations in New Delhi (See 'Corp Brief') Gati Shakti Vishwavidyalaya, DRDO sign MoU to develop Smart Tech Solutions (See 'Corp Brief') Misc - Legal heirs who are guilty of misconduct disentitles them to seek indulgence of Court to condone delay: HC (See 'Legal Desk') India unveils ARKA-GKT1, First Generation Energy-Efficient Edge Silicon Chip (See 'Corp Brief') MSME, KVIC, COIR and NSSH Pavilions inaugurated at Trade Fair (See 'Corp Brief') India highlights Rapid Telecom Transformation; Urges Collaborative Cybersecure Future (See 'Corp Brief') 5 institutes of Ministry of Earth Sciences brought under single umbrella (See 'Corp Brief') From Markets to Monuments: Advancing Clean Toilets and Hygienic Spaces (See 'Corp Brief') Capital Market - Fact that transactions in particular contract were reversed with same counterparty for same quantity of units, indicates prior meeting of minds with view to execute reversal trades at pre-determined price: SEBI (See 'Legal Desk') Puri visits Hanwha Ocean's shipbuilding facility in South Korea (See 'Corp Brief') IPR - Mere fact that any mark consists of numbers does not, in itself, make it unregistrable: HC (See 'Legal Desk') IndiaAI Zone unveiled showcasing India's Journey from Action to Impact (See 'Corp Brief') IPR - Counterfeiting not only harms brand reputation but also misleads consumers, making strict legal action necessary to deter such unlawful practices: HC (See 'Legal Desk') Puri holds Shipbuilding Meetings to boost India's Maritime Vision (See 'Corp Brief') Company Law - Company can prosecute any of its officers and when any officer of Company is to be prosecuted, then Section 439 of Companies Act would not be applicable: HC (See 'Legal Desk') AAI showcases future of Aviation at 44th India International Trade Fair 2025 (See 'Corp Brief') IPR - Mere identity or similarity of mark, of which registration is sought, and earlier mark, is not sufficient as ground to reject registration application: HC (See 'Legal Desk') India-Canada Ministerial Dialogue on Trade and Investment concludes (See 'Corp Brief') Misc - Remedy for recovery of money instituted under Article 226 of Constitution of India is not intended to enable claimant to recover monies, recovery of which by suit is barred by limitation: HC (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT)

Print

PLI 2.0 fueling India's IT Hardware Revolution

Published: Jan 13, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 13, 2025: IN a groundbreaking development for India's electronics manufacturing sector, Union Minister of Electronics and Information Technology, Railways, and Information & Broadcasting Ashwini Vaishnaw inaugurated Syrma SGS Technology 's state-of-the-art laptop assembly line in Chennai on Saturday.

This facility, located in the Madras Export Processing Zone (MEPZ), marks a pivotal shift in India's 'Make in India' journey, extending its dominance from mobile phones to IT hardware manufacturing especially the Laptops.

A Milestone in 'Make in India'

The new assembly line will initially produce 100,000 laptops annually, with a scalable capacity of up to 1 million units within the next 1-2 years. Syrma SGS currently operates four manufacturing units in Chennai, with its Unit 3 now initiating laptop production.

Speaking at the inauguration, Ashwini Vaishnaw said, "We must work meticulously to ensure that the electronic component ecosystem is also developed in the coming time. This will not only drive a major growth story for India but also align with our vision of Atmanirbhar Bharat, fostering self-reliance and strengthening our position in the global electronics manufacturing landscape."

The initiative, part of the PLI 2.0 scheme for IT Hardware, highlights India's growing capabilities in high-value electronics production and reinforces the nation's self-reliance in IT hardware.

Key Highlights of the Assembly line

- Global Partnership: Syrma SGS has partnered with Micro-Star International (MSI), a leading Taiwanese technology company, to manufacture high-quality laptops in India, catering to both domestic and global markets.

- Boosting Local Economy: The facility is projected to generate 150-200 specialized jobs in electronics manufacturing by FY26, making a substantial impact on both Tamil Nadu's regional and India's national economy. These roles are anticipated to have a ripple effect, shaping and enhancing the future workforce in the sector.

- World-Class Standards: The laptops produced will meet international quality benchmarks, showcasing India's evolving technical and manufacturing prowess.

India's Rising Electronics Manufacturing Sector

India's electronics manufacturing sector has grown exponentially over the past decade, with total production increasing from Rs.2.4 lakh crore in 2014 to Rs.9.8 lakh crore in 2024. Mobile manufacturing alone has reached Rs.4.4 lakh crore, with exports at Rs.1.5 lakh crore in 2024. 98% of the mobile phones used in India are now being manufactured in India with Smartphones becoming the fourth largest export item from India.

Tamil Nadu: A Key Contributor

Tamil Nadu has over 47 manufacturing units supported under various schemes of the Ministry of Electronics and Information Technology (MeitY). The state is one of the largest beneficiaries of the Production Linked Incentive (PLI) scheme for Large Scale Electronics Manufacturing, with seven out of the 27 approved units under PLI 2.0 located here. The first unit under this initiative was inaugurated yesterday.

Additionally, Tamil Nadu has seen significant support through programs such as Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), with four applications receiving MeitY backing of Rs.1,200 crore, and Modified Special Incentive Package Scheme (M-SIPS), which has attracted 33 applications with an investment potential of Rs.15,000 crore, supported by Rs.1,500 crore from MeitY. Together, these initiatives have enabled companies in Tamil Nadu to achieve a total production exceeding Rs.1.3 lakh crore to date.

The state is also home to the Electronics Manufacturing Cluster (EMC) at Pillaipakkam Village, Sriperumbudur, established by M/s State Industries Promotion Corporation of Tamil Nadu (SIPCOT). With a project cost of Rs.420 crore, including Rs.210 crore in support from the Government of India, this cluster is expected to attract investments worth Rs.8,700 crore and create 36,300 jobs. Tamil Nadu contributes around 30% of India's electronics exports, underscoring its pivotal role in the sector. Notably, the latest iPhone 16 Pro is proudly "Made in India" and manufactured in Tamil Nadu.

Scheme-wise beneficiaries in the state of Tamil Nadu can be accessed from here

A Bright Future for laptop manufacturing Manufacturing

The inauguration of Syrma SGS's laptop assembly line marks a new chapter in India's electronics journey, paving the way for reduced dependency on imports, enhanced employment opportunities, and world-class manufacturing capabilities. As the facility ramps up production, India is poised to become a global leader in IT hardware manufacturing.

Status of PLI 2.0 for IT Hardware

The Production Linked Incentive (PLI) 2.0 for IT Hardware, launched on May 29, 2023, aims to further strengthen India's electronics manufacturing ecosystem by offering a 5% incentive to eligible companies.

The scheme covers products like laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices. With a projected investment of Rs.3,000 crore, PLI 2.0 is expected to drive production worth Rs.3.5 lakh crore and generate 47,000 jobs across the country.

The scheme has already achieved remarkable progress, with total investments of Rs.520 crore, production worth Rs.10,000 crore, and has generated 3,900 jobs (As on Dec 2024).

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.