Technology Park being developed to facilitate Deep-tech Start-ups: MoS (See 'Corp Brief') PMLA - ED cannot arrest accused without prior approval from Special Court once cognizance is taken, even if ECIR is filed earlier & accused cooperates throughout investigation: HC (See 'Legal Desk') Estee Lauder joins hands with DPIIT to promote women-led startups in beauty products sector (See 'Corp Brief') SARFAESI - Auction purchaser can't be fastened with outstanding liability of dues and taxes, which had accrued and were connected with and were solely attributable to business of erstwhile dealer: HC (See 'Legal Desk') Khadi artisans to receive wage hike from April 01, 2025 (See 'Corp Brief') A&C - Unless there exists error, apparent which goes to root of matter, interference by court with arbitral award is not warranted: HC (See 'Legal Desk') Govt hosts workshop on increasing R&D in pharma-medical tech sector (See 'Corp Brief') Misc - Degree of integrity & probity is expected of Chartered Accountant because of trust posed in him by his clients, and his professional misconduct erodes credibility to Institution of Chartered Accountants: HC (See 'Legal Desk') CCI okays proposed combination via acquisition of Ayana Renewable Power Pvt. Ltd. by ONGC NTPC Green Pvt. Ltd. (See 'Corp Brief') Companies Act - Findings of apex expert body like RBI warrant for issuance of protective ad-interim orders: HC (See 'Legal Desk') CCI okays acquisition of certain shareholding in Greenko Energy Holdings of ORIX Corporation (See 'Corp Brief') IPR - Manufacturer of counterfeit products, for its blatant act of counterfeiting, shall be restrained from selling products under registered brand's trademarks and its logos, and shall pay for damages: HC (See 'Legal Desk') Companies Act 2013 adequately bolsters corporate governance & ensures transparency: MoS (See 'Corp Brief') IBC - AR trying to evade to take up request of financial creditors for replacement of RP and failing to represent interest of financial creditors, violates Sec 25A: IBBI (See 'Legal Desk') Rs 25 Lakh loans, decision in 14 days - Govt moves to enhance credit access for MSMEs (See 'Corp Brief') SEBI - Passing of Settlement Order shall be without prejudice to rights of SEBI, including restoring or initiating of proceedings, if there was discrepancy while arriving at settlement terms: SEBI (See 'Legal Desk') MSME Sector sees continued growth as NPAs fall (See 'Corp Brief') SEBI - By not taking prior approval of audit committee for RPTs, Noticee has violated Regulation 23(2) of LODR Regulations: SEBI (See 'Legal Desk') Natural Products Expo West 2025 - APEDA showcases Indian prowess in organic farming (See 'Corp Brief') IPR - Sporadic use of trademark in India is no ground to assume that said trademark has acquired reputation and goodwill of mark in India: HC (See 'Legal Desk') PMLA - Mere attachment of property does not alter position with regard to ownership or even possession/use of properties which are subject matter of such attachment: SAFEMA (See 'Legal Desk') NHLML, IWAI ink MoU for state-of-art Multi-Modal Logistics Park in Varanasi (See 'Corp Brief') IBC - Prima facie contraventions of regulations, including failure to maximize stakeholder value and non-compliance with auction procedures, justifies initial suspension of registration for two years: IBBI (See 'Legal Desk') Govt announces reward for developing toys fostering learning & child development (See 'Corp Brief') Misc - Case under Negotiable Instrument Act, can't be transferred from one place to another for lack of jurisdiction u/s 406 of CrPC: SC (See 'Legal Desk') Space Technology revolutionizes governance, agriculture & Defence: MoS (See 'Corp Brief') PC Act - Anticipatory bail should only be granted in exceptional cases where there is prima facie indication of false implication or frivolous allegations: SC (See 'Legal Desk') Department of Fisheries hosts Fisheries Startup Conclave 2.0 in Hyderabad (See 'Corp Brief') PMLA - High Court can't direct ED to register ECIR only based on its prima facie finding on predicate offence: SC (See 'Legal Desk') Mandaviya joins in unique Cycle Rally to mark International Women's Day (See 'Corp Brief') Trade Marks Act 1999 - new Trade Mark identical to existing RAPIDO trade mark, warrants cancellation, as it seeks to dishonestly exploit goodwill & reputation of existing Trade Mark holder: HC (See 'Legal Desk') IBC - Section 95 application filed by Respondent No.1 Bank is valid: NCLAT (See 'Legal Desk')

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