The target segments under the PLI Scheme for IT Hardware include laptops, tablets, all-in-one personal computers and servers
Apple manufacturer invests Rs 1,255 crore in India factory
PLI schemes are being spread across too many sectors
Company could help with government's desire to have a semiconductor industry.
Suggests institutional mechanism, regular hand-holding for firms
Production and export commitments by 19 companies are much lower than government's projections
Singapore, May 10 (ANI): As COVID-19 cases soared in India and its neighbouring countries, Malaysia last Wednesday (May 5) announced a temporary entry ban on citizens of Sri Lanka, Bangladesh, Pakistan and Nepal. It had earlier on April 28 stopped flights to and from India in an attempt to prevent a new COVID-19 variant from entering the country.The coastal state of Penang, which is the Electrical and Electronics (E & E) manufacturing hub of Malaysia, has expressed concerns that this will impact the state's manufacturers as it is dependent on skilled Indian software and information technology (IT) professionals.Penang State Executive Councillor for International Trade, Domestic Trade, Consumer Affairs and Entrepreneur Development, Datuk Abdul Halim Hussain express concerns that the ban will impact the state's industrial sector. Datuk is a Malaysian title usually conferred by the King and Datuk Abdul holds the position equivalent to a state minister.Penang state consists of Penang .
The government hopes to learn from two failed attempts in 2007 and 2013 to attract fab manufacturers to India but it's up against some stiff challenges
If it succeeds, India will get its first such facility
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
Companies eligible for the scheme ask govt to invoke force majeure clause
PLI scheme for large-scale electronics manufacturing and IT hardware along with the scheme to promote component manufacturing will reduce the country's dependence on Chinese electronic products
India is to be Apple's second significant global hub
Rapidly increasing demand for these materials also used in high-performance computing, artificial intelligence, and internet of things has led to electronics becoming a key growth area for DuPont
The second part of a report on the productivity-linked incentive scheme examines anomalies for makers of laptops, tablets and mobile devices
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments
Samsung India had posted a net profit of Rs 1,540.10 crore in the financial year 2018-19
In the Budget for 2021-22, finance minister Nirmala Sitharaman introduced higher import duty rates on over a dozen handset and automobile components.
Despite the correction on Monday, analysts are positive on the stock given multiple triggers
Mobile devices industry body ICEA on Wednesday sought a minimum base rate of 1.5 per cent for the electronic sector under the RoDTEP scheme to push exports.