The government has granted approval to 27 companies, including Dell, HP, Foxconn, and Lenovo, under the Rs 17,000 crore production-linked incentive (PLI) scheme for IT hardware. The move is part of India’s efforts to position itself as a global hub for hi-tech manufacturing. The companies will invest Rs 3,000 crore and are expected to start manufacturing from day one. The incentives under the PLI scheme have been significantly increased to attract companies.
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