Technology Acer, Asus, Dell, HP, and Lenovo sign up for $42 billion scheme to make kit in India

[silversurfer]

Content source

https://www.theregister.com/2023/11/20/asia_tech_news_brief/

India has revealed Acer, Asus, Dell, HP, and Lenovo as having signed up for its manufacturing incentive scheme designed to attract manufacturers of laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices.

A Saturday announcement revealed that 27 companies have agreed to participate in the scheme, which will dispense around $2 billion over six years. To score the cash, participants must establish local manufacturing facilities and push product out the door at certain levels.

India's government estimated the scheme will see $42 billion of hardware produced locally, attract $360 million of inbound investment, and create 200,000 jobs.

Securing participation by the five builders mentioned above is a win for India and its strategy of attracting manufacturers with a pitch to diversify their facilities to India while also setting themselves up to serve a growing and parochial local market.

 

[JustInTime]

If this scheme becomes as successful as Apple in India, we finally might have reasonably priced PCs and Laptop. Right now people have to pay at least 30-40% more for the same product compared to US.