The government can give an incentive of Rs 45 billion to foreign electronics companies for making laptops and tablets and export hubs in the country. This move of the government will challenge China's production base. It will also help in making India an export hub.
The Ministry of Technology has issued an advisory to the industry officials in this matter. In this, the incentive amount per company can exceed Rs 4,000 crore. India wants to boost tablets and production to cut down on imports of such products and make the country an export hub in the long term.
The amount of incentive will depend on the local manufacturer of the parts which can be as high as 6 percent on the finished products. However, there may be a change in this plan after discussions with the industry. Last year, India launched a Rs 73.5 billion program for local manufacturing and export of IT products such as laptops, tablets, and personal computers, but the effort failed to attract companies due to low incentives. The government is already attracting domestic companies to invest under PLI.
Seven billion rupees will have to be invested in five years
The decision is aimed at allowing companies such as Apple, Dell, HP, and Attack to scale up or start local production. However, Apple is already assembling the iPhone in India. She can now start manufacturing iPads locally. To get this incentive, companies will have to invest Rs 7 billion in the country in five years.
China's attraction decreased
The Government of India is accelerating efforts to attract global electronics companies through policy initiatives. China has lost its attractiveness due to geopolitical tensions and its disruptive COVID zero policy. In this episode, Apple has started making the iPhone 14 in India.
Companies like Dell and HP manufacture laptops on a very small scale in India. With incentive money, they can speed up construction. Chinese company Lenovo may find it difficult to join this plan.
Also Read: Meeting: Finance Minister holds meeting with heads of banks, reviews schemes for scheduled castes
Earthquake tremors are being felt frequently in India. At the same time, once again a strong eart
Surprising reactions on mentioning Sanatan-Hindu are sad, Vice President Dhankhar said in JNU.
Vice President Jagdeep Dhankhar said that it is ironic and sad that in India, the mention of Hind
Meta CEO Mark Zuckerberg spoke to hundreds of company employees on Monday. In the conversation, h
Anushka Sharma Birthday: Today is the birthday of the Indian film industry's finest actress&
Sony launches new wireless headphones in India, listen to music non-stop for 50 hours
Sony India has launched the WH-CH520 headphone. It is specially designed for long-term use. 60 ho
ED's interrogation of Chief Minister Hemant Soren is going on in the illegal mining case. A list
Congress MP Shashi Tharoor, who is leading one of the seven all-party delegations from India, is
Delhi Police immediately took into custody Anmol Shinde and girl Neelam who created a ruckus outs
After working with Shah Rukh Khan in 'Jawaan', director Atlee is ready for his next film. Bollywo
Google Pixel Foldable: Google launched Google Pixel 7 Series at an event and along with it Google
