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The program, which also covers personal computers and servers,
is expected to benefit global and Indian companies such as Dell,
Wistron Corp, Dixon, and Foxconn.
The scheme is key to India's ambitions to become a powerhouse in
the global electronics supply chain, with the country targeting
an annual output worth $300 billion by 2026.
"It will create additional incentives for companies to set up
their manufacturing base in India," India's deputy IT minister
Rajeev Chandrasekhar said.
The revised plan will be for a period of six years, with the
country offering cash-backs for manufacturers on sales of
locally made goods that exceed an annual target.
These companies are expected to produce nearly $41 billion of IT
products and create more than 75,000 jobs, the government said.
The original incentive plan was announced in February 2021 with
a $1 billion outlay.
MAIT, a key industry body that represent manufacturers such as
Apple, Dell, and Samsung, welcomed the move and said it will
help to meet the domestic demand for IT products as well as
boost exports.
"We believe this scheme will help IT hardware sector to achieve
the same level of success India had with smartphone
manufacturing," said Ali Akhtar Jafri, Director General at MAIT.
(Reporting by Munsif Vengattil in New Delhi; Editing by Andrew
Heavens and Jane Merriman)
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