Apple’s Taiwan suppliers, Samsung apply for India’s smartphone scheme

Apple’s Taiwan suppliers, Samsung apply for India’s smartphone scheme

Samsung, Apple’s contract manufacturing partners Foxconn, Wistron and Pegatron, and Indian smartphone vendors Micromax and Lava among others have applied for India’s $6.6B incentive program aimed at boosting the local manufacturing. The production-linked incentive plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year.

Chris
Chris
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