117 HP India’s negotiations with VVDN Technologies and Dixon Technologies to assemble its laptops in the country highlight the company’s efforts to leverage the Production-Linked Incentive (PLI) scheme 2.0 for IT hardware. Here’s a summary of the key points: PLI Scheme 2.0 for IT Hardware: HP India is among the 27 companies eligible for PLI Scheme 2.0 for IT hardware, which offers incentives totaling Rs 17,000 crore. This scheme aims to promote domestic manufacturing and reduce import dependency. Negotiations with VVDN Technologies and Dixon Technologies: HP India is in talks with VVDN Technologies and Dixon Technologies to assemble its laptops in India. These potential assembly-only deals would involve HP India providing components for manufacturing, a process known as jobwork. Existing Partnerships and Collaborations: VVDN Technologies and Dixon Technologies already collaborate with chipmaker Intel, providing technological insights for establishing a robust laptop manufacturing industry in India. Additionally, VVDN Technologies has partnered with Hewlett Packard Enterprise (HPE) to assemble servers. Dixon Technologies’ Investments: Dixon Technologies is investing Rs 250 crore to set up a plant in Noida with the capacity to produce 1 million laptops per annum. This investment reflects the company’s commitment to expanding its manufacturing capabilities in India. Market Landscape: HP India is the largest PC player in India, holding a significant market share across all segments. The Indian laptop market, valued at close to $8 billion in 2023, relies heavily on imports, with 65% of units imported. The reworked PLI scheme aims to reduce import dependency and promote domestic manufacturing. Overall, HP India’s negotiations with VVDN Technologies and Dixon Technologies underscore its commitment to strengthening its manufacturing presence in India and capitalizing on government initiatives to boost local production in the IT hardware sector. You Might Be Interested In Zoho CEO Sridhar Vembu calls for increased R&D in India Hyundai and Kia’s Financing Arm Settles Charges of Illegally Repossessing Vehicles Belonging to Service Members Standard Chartered Names Sanjay Gurjar as Co-Head of Client Coverage – CCIB, India & South Asia Zomato co-founder resigns Goldman Sachs Predicts OPEC+ Unlikely to Raise Production in June Meeting Regions Bank Introduces Philanthropic Solutions Group to Elevate Charitable Endeavors
