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PLI 2.0: Dixon commits output worth ₹48K cr
Business Standard
|November 20, 2023
Also in talks with Lenovo, others to become their contract manufacturer
Dixon Technologies, the country's largest home-grown electronics manufacturing services (EMS) player, has committed a cumulative production value of ₹48,000 crore in six years and has been declared eligible under the reworked production-linked incentive (PLI) scheme for IT products.
With this move, the company, which applied for the PLI scheme through Padget Electronics, will account for a seventh of the additional production value of ₹350,000 crore which the government said has been committed collectively by 27 eligible companies in six years.
Confirming their plan, Sunil Vachani, managing director of Dixon Technologies, said: "We had applied under the hybrid domestic category and have committed cumulative production value of ₹48,000 crore over six years, starting FY24-25, and an investment of ₹250 crore. In the first year, our focus will be on final assembly and PCBA (printed circuit board assembly) and later we will get into components like batteries, chargers, display cabinets, etc."
This story is from the November 20, 2023 edition of Business Standard.
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