Apple: Center will give an incentive of 45 billion to companies like Apple, China's production base will be challenged


Posted on 30th Sep 2022 12:36 pm by rohit kumar

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

1 Like 0 Dislike
Previous news Next news
Other news

Enterprises related to agriculture will get special attention in the general budget; High expectations from livestock development, dairy, and fisheries

In the general budget of the upcoming financial year 2023-24, apart from agriculture, other enter

Anushka Sharma's Second Pregnancy: Anushka Sharma is pregnant for the second time! Gave birth to a daughter two years ago

Anushka Sharma's Second Pregnancy: Anushka Sharma and Virat Kohli are the power couple of B-Town.

Taapsee Pannu confirmed her marriage with Mathias Boe, told the real reason for having a secret wedding, and said- 'I am worried...'

Taapsee Pannu Wedding: Actress Taapsee Pannu has been in the limelight for the past several days

Animal Park: Ranbir Kapoor is coming to dethrone Gadar 2, gives a major update on the 'Animal' sequel.

Ranbir Kapoor, Rashmika Mandanna, and Tripti Dimri starrer Animal was released in 2023 and was a

'If someone would have asked me...' The writer of Laapataa Ladies broke his silence on the film being called a copy of 'Burqa City'

Missing Ladies was released in theaters last year and was highly appreciated by the audience and

Bomb Threat: Threat to bomb three schools and one college in Delhi, fire brigade and police team present on the spot
Once again, schools and colleges in Delhi have received bomb threats. Earlier too, many schools in D

PAK Prime Minister's audio leaked: Conversations of Shahbaz Sharif's official house surfaced, India also mentioned in this

The house of the Prime Minister of Pakistan is also not safe. Audio clips of meetings taking plac

The Bengal Files: Another FIR against 'The Bengal Files' director Vivek Agnihotri, Gopal Mukherjee's family makes serious allegations

The family of Gopal Mukherjee alias Gopal Patha, who played an important role in protecting Hindu

Weather Update Today: There will be a heat wave in Delhi, and there is a possibility of rain in UP, read the latest weather update

Weather Update Today mercury has started rising in all the states of North India. Summer has knoc

RVM: Election Commission may start from the Election Commission in the workout of connecting crores of migrants with voting

Political parties may not be clear yet on the issue of connecting migrant voters with the process

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash