
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
Samajwadi Party MPs created a ruckus over the stampede in Mahakumbh before the budget speech. Sam
Delhi's Deputy Chief Minister Manish Sisodia has been arrested by the CBI on Sunday after nearly
Donald Trump is going to make tough decisions immediately after taking oath as the 47th President
The race for the Orange Cap in IPL 2024 is becoming exciting day by day. The 16th match of IPL 20
On Congress leader Rahul Gandhi calling the exit polls (Exit Polls 2024) a 'Modi Media Poll' and
The condition of China, which is facing the brunt of Coronavirus, is getting worse day by day. Ev
Humor and jokes are good only till someone is not hurt. Insulting someone is not a joke. What Kap
Big information has come to light regarding Ramlala's Pran Pratistha Mahotsav. General Secretary
Prime Minister Narendra Modi will participate in three post-budget webinars through video confere
Parineeti Chopra was last seen in Imtiaz Ali's film 'Amar Singh Chamkila'. He received much appre