DPIIT signs MoU with fuel-tech company to support startups (See 'Corp Brief') National Council for Cement signs MoU to strengthen skill development (See 'Corp Brief') India preparing for global role in shift towards 'greener' future: MoS (See 'Corp Brief') Oriental Insurance crosses Rs 20,000 crore in Gross Premium (See 'Corp Brief') 10,000 contributors onboarded on Bhashini Samudaye (See 'Corp Brief') IBC - Interim arrangement directing parties to maintain status quo, thereby preventing any alteration to nature of principal asset or creation of further third-party interests, should be continued until final disposal by NCLT: SC (See 'Legal Desk') NHB launches Gruh Sugam Portal focusing on Defence, Paramilitary & Govt Personnel (See 'Corp Brief') Railway Minister reviews Progress of Kavach Implementation (See 'Corp Brief') Misc - Non-public servant can be proceeded against when initial case is registered u/s 13 of PC Act by virtue of Section 107 of IPC: SC (See 'Legal Desk') DoWR Secy chairs Regional Conference of State Water Secretaries in Telangana (See 'Corp Brief') IBC - Failure to exercise option of higher bid within prescribed timeline results in valid conclusion of auction in favour of highest bidder: NCLAT (See 'Legal Desk') CCI nod for addl stake of Valuedrive Technologies by Setu AIF Trust, Konark Trust, and MMPL Trust (See 'Corp Brief') CCI approves stake of Groww Asset Management by State Street Global Advisors (See 'Corp Brief') CCI approves acquisition of equity in Shriram Finance by MUFG Bank (See 'Corp Brief') CCI approves merger of Chess Merger Sub with and into Udemy Inc. (See 'Corp Brief') IBC - Non-inclusion of claim in resolution plan results in its extinguishment, and any claim which is not expressly included in resolution plan, and which is not expressly barred as per such plan, cannot be inferred: SC (See 'Legal Desk') CCI okays subscription of equity of Aditya Birla Renewables by GIP EM Star (See 'Corp Brief') Reddy calls for Accelerated Exploration of Critical Minerals at NMEDT Governing Body Meeting (See 'Corp Brief') National Centre to promote organic and natural farming (See 'Corp Brief') PMLA - Recourse to LOC can be taken by investigating agency in cognizable offences if accused is deliberately evading arrest or not appearing in trial court despite Non-Bailable Warrants: HC (See 'Legal Desk') Bharat 6G Alliance expands six-fold, emerging as key driver of 6G ambitions (See 'Corp Brief') Semicon India Programme boosts domestic Chip Manufacturing and Design Ecosystem (See 'Corp Brief') TRAI undertakes assessment of quality of service by conducting drive test (See 'Corp Brief') A&C - Once strong prima facie case of copyright infringement is established, interim injunction to protect copyright must typically follow: HC (See 'Legal Desk') CSR Conclave: 'Empowering Tribals through CSR' (See 'Corp Brief') CSIR & MEA jointly host Ambassadors from Global South (See 'Corp Brief') Nadda reaffirms India's Commitment to Eliminate TB Ahead of Global Targets (See 'Corp Brief') Ministry of Ayush and DBT announce collaborative Clinical Study on Ayurveda (See 'Corp Brief') IBC - Issues of fraud or existence of debt must be decided by insolvency tribunal, not civil court: HC (See 'Legal Desk') RBI strengthens Framework on Unauthorised Electronic Banking Transactions (See 'Corp Brief') Govt expands DEH Initiative to Boost District-Level Export Competitiveness (See 'Corp Brief') DPIIT signs MoU with leading AC company to strengthen manufacturing ecosystem (See 'Corp Brief') Two-Day Eastern Region Review Meeting of CGCA concludes (See 'Corp Brief') IPR - Minor variations in product that do not alter essential mode of operation of patented invention are considered mere engineering variations: HC (See 'Legal Desk') Paatil calls for 'Jan Bhagidari' to strengthen Water Conservation Efforts (See 'Corp Brief') IICA successfully concludes 4th Batch of Directors' Certification in Corporate Governance (See 'Corp Brief') Ministry of MSME assisting entrepreneurs in setting up of new micro enterprises (See 'Corp Brief') COFEPOSA - Dispute over rent or mesne profits for immovable property leased for commercial purposes is 'commercial dispute': HC (See 'Legal Desk') Amendments to Banking Regulation Act and MSCS Act, 2002 enhance oversight & accountability (See 'Corp Brief') MY Bharat mobilises Youth across 763 Districts for Shaheed Diwas Padyatra (See 'Corp Brief') PMLA - Even property acquired prior to commission of crime can be provisionally attached finding it falling in definition of 'proceeds of crime': SAFEMA (See 'Legal Desk') Ministry of Mines to launch 7th Tranche of Auction of Critical and Strategic Minerals (See 'Corp Brief') Jal Mahotsav 2026 gives momentum to 'Jal Sanchay se Jan Bhagidari' (See 'Corp Brief') Ministry of Mines to organise National DMF Summit 2026 (See 'Corp Brief') PMLA - High Court of Delhi lacked territorial jurisdiction to hear appeal filed against Appellant based in Kolkata; GST registration at Delhi, occasional hearings before Delhi Bench of NCLT do not establish that appellant ordinarily operates in Delhi: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (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.