Apple, Scheme, Taiwan, Samsung, India

Apple, Scheme

Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

1/8/2020 11:56:00 AM

Apple 's Taiwan suppliers, Samsung apply for India 's local smartphone scheme

Apple Inc's Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for India 's US$6.5 billion scheme to boost local ...

BusinessApple Inc's Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for India's US$6.5 billion scheme to boost local smartphone manufacturing, the country's tech minister said on Saturday.FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn's office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang/File Photo

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01 Aug 2020 04:40PMShare this contentBookmarkNEW DELHI: Apple Inc's Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for India's US$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.AdvertisementAdvertisementThe plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year. headtopics.com

(Reporting by Sankalp Phartiyal; Editing by Kim Coghill) Read more: CNA »

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