HP-Padget to make laptops,PCs in India

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 Rs10 lakh crore (from Rs2.4 lakh cr 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.