Apple Inc’s Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for India’s $6.5 billion scheme to boost local smartphone manufacturing, the country’s tech minister said on Saturday.
- Reuters
- Last Updated: August 1, 2020, 2:08 PM IST
NEW DELHI Apple Inc’s Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for India’s $6.5 billion scheme to boost local smartphone manufacturing, the country’s tech minister said on Saturday.
South Korea’s Samsung Electronics Co Ltd has also applied for the production-linked incentive (PLI) scheme, technology minister Ravi Shankar Prasad told a news conference.
The plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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