Lenovo sets sight on PLI to build servers
Mint Mumbai|February 08, 2024
Company to participate in the ₹17,000-cr PLI scheme for IT hardware
Gulveen Aulakh
Lenovo sets sight on PLI to build servers

Lenovo is planning to ramp up local manufacturing in India, which it considers its top-priority market globally. The Chinese company, which makes laptops, tablets, servers and smartphones-under the Motorola brand-is evaluating manufacturing of servers in India as it looks to take advantage of the production-linked incentive (PLI) scheme for IT hardware amid regulatory clampdown in the US.

"India is top priority of our international markets for several reasons. The obvious growth enabled by connectivity and being able to further propagate our devices, but we also have an enormously talented workforce in India, and continue to be on a doubling trajectory of jobs here," said Matthew Zielinski, president of international markets at Lenovo. It has 1,700 employees in India, and three manufacturing sites.

Diese Geschichte stammt aus der February 08, 2024-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der February 08, 2024-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT MUMBAIAlle anzeigen
World Bank calls for reforming skills training in India
Mint Mumbai

World Bank calls for reforming skills training in India

India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.

time-read
2 Minuten  |
November 23, 2024
Mint Mumbai

FCPA cases take long to conclude after indictment

For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.

time-read
2 Minuten  |
November 23, 2024
Short-covering, relief rally add ₹7.27 trillion wealth
Mint Mumbai

Short-covering, relief rally add ₹7.27 trillion wealth

Markets up 2.39% to hit the highest in six months, a day after Adani's indictment

time-read
2 Minuten  |
November 23, 2024
Wetter monsoon slows pace of adding new transmission lines
Mint Mumbai

Wetter monsoon slows pace of adding new transmission lines

India's addition of new power transmission lines fell by half over a year earlier in the April-October period as a wetter-than-usual monsoon slowed work.

time-read
2 Minuten  |
November 23, 2024
COP29's $1.3 tn fund plan disappoints Global South
Mint Mumbai

COP29's $1.3 tn fund plan disappoints Global South

The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.

time-read
3 Minuten  |
November 23, 2024
Jaguar rebrand is pink, diverse and doesn't feature any cars
Mint Mumbai

Jaguar rebrand is pink, diverse and doesn't feature any cars

Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market.

time-read
3 Minuten  |
November 23, 2024
Mint Mumbai

Services up as manufacturing slows in Nov

The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2

time-read
1 min  |
November 23, 2024
MSMED may protect medium firms too
Mint Mumbai

MSMED may protect medium firms too

The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.

time-read
1 min  |
November 23, 2024
Europe boosts Indian textile exports in FY25
Mint Mumbai

Europe boosts Indian textile exports in FY25

Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis

time-read
2 Minuten  |
November 23, 2024
Mint Mumbai

RBI nudges banks to cut speculative bet in rupee

The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to curb speculative positions with the currency at a record low, four bankers familiar with the development told Reuters.

time-read
1 min  |
November 23, 2024