Samsung Electronics of South Korea is gearing up to commence laptop production at its Noida facility in India, a move reported in a recent media report.
What Happened? According to a report by the Mint, currently a hub for phone production, Samsung’s Noida plant is undergoing expansion to accommodate a new laptop manufacturing unit, aiming to produce 60,000 to 70,000 units annually. This initiative represents an investment of about ₹100-200 crore.
The development is part of a broader trend, with global hardware firms intensifying collaborations with Indian companies, leveraging the revised production-linked incentive (PLI) scheme. This scheme is a catalyst for establishing a robust ecosystem for manufacturing notebooks, desktops, and servers in India, aligning with the federal ambition of achieving 70% local output in three years.
Why it Matters? Companies like Asus, Acer, HP, and Lenovo are actively engaging in discussions to enhance their manufacturing footprint in India, with Asus partnering with US-based Flextronics and Acer in an advanced phase to bolster its presence. The union cabinet's approval of the revised PLI scheme, with a financial outlay of ₹17,000 crore, is a significant step forward, receiving 40 proposals worth ₹22,890 crore.
This move by the government, coupled with the reconsideration of import restrictions, is poised to incentivize local manufacturing and regulate inbound shipments, fostering a conducive environment for tech innovation and production in India.
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