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India's Tech Manufacturing Surge: Laptop production soars, creates jobs, investments
Industry News- Sep 06,23
While India witnessed a remarkable 14-fold increase in smartphone production over the span of eight years, the nation has now shifted its focus to the realm of laptops.
India has rapidly ascended to a dominant position in the global laptop manufacturing arena, firmly establishing itself within the fiercely competitive tech industry. Fuelled by the COVID-19 pandemic and escalating trade tensions between China and the United States, this transformation has enticed major industry giants such as Dell, HP, along with 32 other prominent companies, to set their sights on Indian shores.
While India witnessed a remarkable 14-fold increase in smartphone production over the span of eight years, the nation has now shifted its focus to the realm of laptops. Distinguished laptop manufacturers like Dell, Asus, HP, and Lenovo have wholeheartedly embraced this manufacturing revolution, further solidifying India's reputation as a hub for tech production.
The catalyst behind this transformative wave was the recent implementation of new licensing requirements by the Indian Government for the import of laptops, tablets, and personal computers. Tech titans wasted no time in seizing these incentives, with 32 of the world's foremost laptop manufacturers swiftly submitting applications to partake in local production.
The reverberations of this transition towards local laptop manufacturing are anticipated to bring in substantial investments, approximately totalling $294.24 million. Beyond the economic boost, this infusion of capital marks a significant stride towards India's objective of self-reliance in manufacturing.
Nevertheless, the most noteworthy facet of this manufacturing surge is the creation of an estimated 75,000 direct job opportunities. This job generation seamlessly aligns with India's broader vision of fostering economic growth and enhancing employment prospects across the nation, as reported by Tech Gig.
Source: Editorji
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