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

silversurfer

Level 85
Thread author
Verified
Honorary Member
Top Poster
Content Creator
Malware Hunter
Well-known
Aug 17, 2014
10,178
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.
 

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.

Top