The Government of India’s Preferential Market Access Policy-compliant PCs featuring a motherboard made in India were introduced by Lenovo, the country’s second-largest PC manufacturer. According to Lenovo India Chief Operating Officer Saurabh Agrawal, this is a major turning point in building and growing the company’s manufacturing presence in India.
With more than 50% of components for a chosen range of goods being fulfilled by local manufacturers, Lenovo will now be eligible for the Class 1 PMA classification, according to Agrawal, who made this announcement to reporters at the company’s Puducherry factory.
With a planned investment to support local R&D and job creation in India, Lenovo’s announcement follows the opening of Lenovo’s Shared Support Center in Bengaluru in August of this year.
Lenovo has an extra incentive to boost PC manufacturing capacity and support India’s Made in India program through the PLI 2.0 (manufacturing Linked Incentive) scheme1, he noted, with the recent notification of permission to 27 enterprises under the PLI2.0 for IT Hardware Scheme.
Regarding the state of the market right now, Agarwal stated that there are indications of recovery with 3–4% growth, according IDC, following a downturn in the previous few years. He declared, “Demand from PCs will not decline.”
(With inputs from BL)
