Hewlett-Packard (HP) has taken a significant step towards expanding its presence in the Indian manufacturing landscape. HP has formally applied for participation in the Production Linked Incentive Scheme 2.0 (PLI 2.0) with a market share of more than 30% in the Indian PC space for 2022 (according to IDC).  According to Ministry of Electronics and IT (MeitY) sources, HP's participation in the PLI 2.0 will allow it to expand its manufacturing operations to include consumer PCs in the country. According to the scheme's threshold, HP is expected to invest between Rs 250-300 crore in manufacturing in the country.

“HP is a longstanding partner of India’s digital transformation journey and one of the pioneers of the country’s IT manufacturing sector. We welcome the PLI scheme for IT hardware manufacturing and look forward to exploring new opportunities to meet the growing demand for PCs. India is a dynamic growth market, and we are excited about the possibilities ahead,” said the company.

In the country, the company already manufactures a variety of commercial laptops, desktops, All-in-One (AIO) PCs, and Workstations. In 2006, it was one of the first few companies to begin manufacturing PCs in India. However, in 2020, HP consolidated and relocated its manufacturing to Flex's facility in Chennai.

The PLI for IT Hardware was first announced in May 2021 with the goal of establishing India as a global manufacturing hub for laptops and tablets and increasing participation in the global electronics value chain. The scheme, which has a budget of Rs 7,350 crore, has attracted both global and Indian IT hardware manufacturers. However, there was still a significant gap between targets and actual investments two years later. This has resulted in the Indian government launching PLI 2.0 with a budget of Rs 17,000 Crore in collaboration with the industry.