• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

HP, Padget To Manufacture Laptops, Pcs In India, Create 1,500 Direct Jobs: Ashwini Vaishnaw

OMMCOM NEWS by OMMCOM NEWS
September 9, 2024
in Business, Science & Tech

New Delhi:  Union Electronics and IT Minister Ashwini Vaishnaw on Monday announced that consumer electronics majors HP Inc and Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and All-in-One PCs at a factory in Tamil Nadu.

Vaishnaw, who is also the Union Minister for Railways and I&B, told reporters here that this is a major success for the production-linked incentive (PLI) scheme under Prime Minister Narendra Modi’s ‘Make in India’ programme.

“In the last 10 years, electronics manufacturing in India has crossed Rs 10 lakh crore (from Rs 2.4 lakh crore in 2014), employing more than 10 lakh people. Due to the PLI for IT hardware scheme, India has emerged as a manufacturing hub for major IT hardware brands,” the minister said.

The production of HP devices as part of the pact with Padget Electronics, a subsidiary of homegrown Dixon Technologies, is set to commence from January next year, and is projected to reach 20 lakh units per annum in the next two years after the commencement of production Facility at Oragadam, an industrial suburb of Chennai.

It will generate over 1,500 direct jobs and Padget will gradually increase local manufacturing of components, modules and peripherals, creating more jobs, said Minister Vaishnaw.

Global electronics brands are partnering with India-based manufacturers amid the growing electronics ecosystem in the country.

The IT hardware sector in India is still in a nascent stage and a key factor will be to make global giants like Dell, HP, ASUS, Lenovo, and Acer feel safe to make the country their manufacturing hub, according to industry experts. The revised PLI 2.0 for the IT hardware scheme, with its increased budgetary outlay of Rs 17,000 crore and expanded tenure to six years, is expected to generate an incremental production of Rs 3,35,000 crore. The scheme also aims to create 75,000 direct jobs and over 2,00,000 indirect jobs, thereby significantly boosting employment opportunities in the sector.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

B’luru Cafe Blast Accused Planned To Target K’taka BJP HQ On Jan 22, Reveals NIA

Next Post

63 Killed, 233 Injured In Myanmar’s Yangon-Mandalay Highway Accidents

Related Posts

Income Tax Bill 2025
Business

Govt Withdraws Income Tax Bill 2025 From Lok Sabha, New Version To Be Tabled On Monday

August 8, 2025
Indian stock markets
Business

Indian Stock Market Ends Lower Amid US Tariff Jitters, Sensex Declines 765 Points

August 8, 2025
Business

SBI Clocks 12.5 Pc Rise In Q1 Net Profit At Rs 19,160 Crore

August 8, 2025
Business

50 Pc Tariffs By US Bad Policy Move, India Must Continue To Protect Its Farmers: SBI Report

August 8, 2025
Business

India’s Income Roadmap: Gujarat Emerges Frontrunner; MP Improves As Southern, Western States Consolidate Earnings Dominance

August 7, 2025
Business

US Tariff Hike To Impact Only 4.8 Per Cent Of India’s Total Exports

August 7, 2025
Next Post

63 Killed, 233 Injured In Myanmar's Yangon-Mandalay Highway Accidents

Mishap During Ganesh IdoI Immersion Leaves One Dead In Jagatsinghpur

Nissanka’s Ton Powers SL To First Test Win Over England Since 2014

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.