Now Dixon Technologies will make electronic components, PLI scheme is worth Rs 22,919 crore
Electronics manufacturing service company Dixon Technologies is now preparing to enter the electronics component manufacturing sector. Company CEO Atul Lal said that initially Dixon will use these components for its own needs and later exports will be considered. He described the Electronics Component Manufacturing Scheme as the next phase of the company’s development. Lal said that Dixon has already started a project for display modules and is evaluating other component categories such as camera modules, mechanical enclosures and lithium-ion batteries, for which it will seriously participate in ECMS.
The company will expand production
He says that the company will expand production to meet the needs of external markets after private use and India and Dixon will become globally competitive in some components, allowing them to become part of the global price chain. Dixon makes smartphones for several brands such as Motorola, Xiaomi and has tied up with Vivo for manufacturing facility expansion, as well as started manufacturing laptops for HP.
Rs 22,919 crore incentive scheme
The government recently approved a Rs 22,919 crore incentive scheme for non-semiconductor electronics components, which is expected to generate 91,600 direct jobs and investments of around Rs 59,350 crore. Meanwhile, according to sources, Tata Electronics may also invest Rs 2,000 crore for electronics components manufacturing under the same scheme, though the company has not commented on it.
