Dixon Technologies to invest Rs 250 crore, hire 2,500 in 9 months under PLI scheme

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Dixon Technologies is planning to invest Rs 250 crore and hire 2,500 people in next 8-9 months to expand operations to take advantage of the Product Linked Incentive (PLI) scheme that opened on Tuesday, a top company official said.

On April 1, the government notified three schemes comprising total incentives of around Rs 48,000 crore to boost electronics manufacturing in the country.

Electronics manufacturing companies will get 4-6 percent incentives based on certain incremental sales every year.

The company is readying to apply for the PLI scheme shortly, Dixon Technologies Chairman Sunil Vachani told PTI.

"The schemes announced by the government are a game changer. We will apply for the PLI scheme shortly. Dixon plans to invest Rs 250 crore and hire 2,500 people over a period of next 8-9 months," Vachani said.

According to industry estimates, mobile manufacturing companies have the potential to get an incentive of around Rs 7,500 crore if they scale up production to worth about Rs 1.5 lakh crore over the next five years under the PLI scheme.

The government has started inviting applications for the same through the scheme implementing partner Industrial Finance Corporation of India (IFCI).

Under the scheme, the government aims to attract top 5 global mobile manufacturing companies who control 80 per cent of the global market in the segment and also promote five local companies in expanding their business as national champions.

"This is the first time the government has come up with a scheme to promote local companies as national champions. The scheme will help Indian mobile manufacturing companies to go global as well," Vachani said.