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
Vikrant Massey looted a lot of applause by playing the role of Manoj Kumar Sharma in the 12th fai
The wait for the AHSEC 12th result of around 2.5 lakh students of higher secondary final year fro
Due to the mid-term elections in America on November 8, political excitement is intensifying. The
The depreciation of the Indian rupee continues due to the strengthening of the dollar. In the ear
On Thursday, the Supreme Court has given a big decision on the petition filed regarding Delhi's w
Three policemen have been suspended in a major lapse in the security of Prime Minister Narendra M
Covid-19: 25 thousand new cases of corona in China, partial lockdown in Beijing
The situation has become serious since 25,000 new cases of the corona were reported in China. The
IND Vs IRE T20: Arshdeep recorded his name in the pages of history, broke Jasprit Bumrah's record
Indian team's young fast bowler Arshdeep Singh has registered his name in the pages of history by
Diplomats from India and the US are trying to organize a meeting between Prime Minister Narendra
Central Teacher Eligibility Test (CTET) conducted by the Central Board of Secondary Education (CB
