Made-in-India Motherboard underscores commitment to the ‘Atmanirbhar Bharat’ vision
Puducherry, November 24, 2023: Lenovo, the global technology powerhouse, today announced the launch of PMA-compliant (GoI’s Preferential Market Access Policy) PCs with it’s made-in-India motherboard. This marks a significant milestone in strengthening and expanding Lenovo’s manufacturing footprint in India. Lenovo now qualifies for the Class 1 PMA bracket, with over 50% of components being fulfilled through local manufacturing for select range of products. This announcement comes close on the heels of the unveiling of Lenovo’s Shared Support Center in Bengaluru in August this year with a planned investment to advance local R&D and job creation in India.
With the recent announcement of approval to 27 firms under the PLI2.0 for IT Hardware Scheme, Lenovo has the additional impetus to increase PC production capability and, thereby contributing to India’s Make in India initiative under the PLI 2.0 (Production Linked Incentive) scheme1.
Congratulating the Lenovo India team, Mr Ashish Madhaorao More, IAS (AGMU :2005), Commissioner cum Secretary to Government, Finance/Industries & Commerce/Education/Port, Government of Puducherry said, “The Government of India has been fueling local production through lucrative incentives like the PLI scheme and attracting global investments. Lenovo’s efforts to expand its locally manufactured products in India are a testament to the progress we are making in that direction. We look forward to Lenovo’s continued support in positioning India as the front-runner as a global manufacturing hub for electronics.”
Saurabh Agrawal, Chief Operating Officer, Lenovo India said, “Today marks a significant stride in our focus towards contributing to India’s ongoing mission to become self-reliant and a global manufacturing hub. The introduction of the PMA-compliant PC reinforces our efforts to ‘Make in India’ and be a partner in the Government’s endeavor to foster and promote technological excellence in the country.”
India is an important player in Lenovo’s global manufacturing and supply chain strategy. Lenovo has ranked #1 in the Gartner® Asia/Pacific Supply Chain Top 10 and ranks #8 in the Gartner® Supply Chain Top 25 of global companies with supply chains for 2023. Currently, the company serves customers in 180 markets from 30+ manufacturing sites around the world – including Argentina, Brazil, Hungary, India, Japan, Mexico, and the USA. All Lenovo global manufacturing locations including India are ISO 9001 (Quality), ISO 14001 (Environmental) and ISO 45001 (Occupational Health and Safety) (OHS) certified.
About Lenovo
Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.
1 https://pib.gov.in/PressReleasePage.aspx?PRID=1977846
2 Recent Lenovo announcement on manufacturing in India
