India set to turn into a laptop manufacturing powerhouse
As India makes way for increased manufacturing in smartphone manufacturing in the last couple of years, the country is now set to turn into a manufacturing hub for laptops and tablets. According to reports, in February 2021, Union Cabinet had approved Rs 7,325-crore production linked incentive (PLI) scheme for laptops, tablets, all-in-one-personal computers, and servers.
With the ongoing pandemic and online education, tablets and notebooks have become the most coveted pieces of gadgets. The right policies would give impetus and enable India into turning a manufacturing powerhouse for laptops and tablets. Moreover, it also create five lakh additional jobs and a cumulative inflow of foreign exchange to the tune of $75 billion; and investment of over $1 billion.
As per reports, prominent brands such as Samsung, Apple, HP, Dell, ACER, Lenovo and ASUS are also expanding their presence in India, while domestic companies are also building capacities in the mobile manufacturing space.
For India to capture a significant global market share, incentivising and the Original Equipment Manufacturers (OEM) players to undertake manufacturing of this product category appears to be a logical step and geopolitical opportunity.