Talks between Hindustan Aeronautics Ltd (HAL) and GE Aerospace on the F414 fighter jet engine programme continue to progress as planned, with sources dismissing reports of a deadlock and stating that negotiations are moving in the right direction. Sources told NDTV Profit that concerns around the F414 engine pricing and commercial terms reported earlier are not related to the ongoing HAL-GE discussions. The issues may instead be linked to separate discussions involving the Defence Research and Development Organisation (DRDO) for the Advanced Medium Combat Aircraft (AMCA) programme. ALSO READ | HAL Share Price: GE F414 Engine Talks Hit Roadblock, Raising AMCA Cost Concerns — Report The clarification comes after reports suggested that negotiations over GE's F414 engine had slowed due to differences on pricing, technology transfer and local manufacturing arrangements, raising concerns over possible cost escalation and timelines for India's future fighter aircraft program...
The government has received 32 applications for production-linked incentive (PLI) scheme 2.0 for IT hardware, of which 25 are domestic companies, IT Minister Ashwini Vaishnaw told reporters in Delhi on Wednesday.
The announcement comes days after the government announced restrictions in laptop imports from November.
All of them are driven to gear up manufacturing and bring in supply chains.
Mr Vaishnaw said companies like HP, Dell, Lenovo, Thompson, Acer, and Asus will be manufacturing laptops under the scheme. HP, VVDN, Lenovo will be manufacturing servers.
He said Apple has not applied under the PLI framework, but the company is already manufacturing components.
This move should see a significant reduction in the import of laptops and PCs, Vaishnaw said, adding that "import restrictions are not a worry anymore."
"I spoke to all the applicants, and they didn't raise any concern," he said.
The minister said incremental production expected is around Rs 3.35 lakh crore and the expected direct employment is around 75,000.
"The upcoming Dixon factory in Noida will alone employ 25,000 people," he said.
Manufacturing of laptops will begin by April 2024, officials said, as companies such as Dell are also migrating to PLI scheme.
When asked if India is optimising on big players quitting China with its economy slowing down, Mr Vaishnaw said India is emerging as a trusted value chain partner.
"Many of these companies will use the semiconductors manufactured in India. In fact, they were pleased we are starting with the manufacturing of memory first, which is crucial for laptops. Companies have shared their detailed proposals. We are optimistic more will join," he said.
from NDTV News- Special https://ift.tt/BeA0am6
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