In a significant boost to India’s electronics manufacturing ambitions, Syrma SGS Technology inaugurated its advanced laptop assembly line in Chennai.
Expanding Production Capacity
The new assembly line, part of the PLI 2.0 scheme for IT Hardware, will initially produce 100,000 laptops annually, with plans to scale up to 1 million units within two years. This aligns with India’s efforts to reduce dependency on imports and meet domestic and global demand for high-quality electronics.
Key to this initiative is Syrma SGS’s partnership with Taiwanese technology leader Micro-Star International (MSI), which will enable the production of world-class laptops for both domestic and international markets.
Catalyzing Economic Growth
Electronics Manufacturing Boom
India’s electronics manufacturing sector has experienced remarkable growth, with production rising from ₹2.4 lakh crore in 2014 to ₹9.8 lakh crore in 2024. Mobile phone manufacturing has played a key role, reaching ₹4.4 lakh crore, including exports worth ₹1.5 lakh crore.
Tamil Nadu hosts seven of the 27 units approved under PLI 2.0, emphasizing its vital role in the sector. The state also houses the Electronics Manufacturing Cluster (EMC) in Sriperumbudur, expected to attract ₹8,700 crore in investments and create 36,300 jobs.
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A Vision for IT Hardware Excellence
The Production Linked Incentive (PLI) 2.0 for IT Hardware, introduced in May 2023, supports the production of laptops, tablets, servers, and other devices. It is backed by a projected investment of ₹3,000 crore, aiming to generate production worth ₹3.5 lakh crore and create 47,000 jobs.
To date, the scheme has attracted ₹520 crore in investments, driven production worth ₹10,000 crore, and generated 3,900 jobs.
The launch of Syrma SGS’s facility marks a significant step in India’s electronics journey. It showcases the nation’s growing self-reliance and its readiness to compete globally in IT hardware manufacturing. With continued investments and partnerships, India is advancing toward its vision of becoming a digitally empowered economy.