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

NEET 2023: 20 lakh candidates will be included, 499 exam centers being built in India

The National Testing Agency (NTA) has set up 499 examination centers across the country for the N

Ashes: Controversy between Smith and Bairstow did not stop, then Kangaroo batsman became a victim of criticism from the English crowd

Steve Smith's controversial run-out decision in Ashes 2023: In Ashes 2023, another decision of th

Protest in France for giving arms to Ukraine: Thousands of people on the streets said – this will increase the war, if you want to help then stop Russia

During the Russia-Ukraine war, France is giving arms to Ukraine. Of this decision, France is now

Salaar: Yash will play a cameo role in Prabhas's 'Salaar'? The producer of the film clarified the whole matter

Only a few days are left for the release of Prabhas and Prithviraj Sukumaran's film 'Salaar Part

Kunal Kamra: 'BookMyShow removed Kunal Kamra's name from the list of artists', Shiv Sena made a big claim; expressed gratitude

Shiv Sena is continuously attacking stand-up comedian Kunal Kamra. Angered by the 'traitor' state

Jawan Worldwide Box Office: It is impossible to stop the storm of 'Jawan' across the world, this is a big target after Rs 500 crores.

It has become very difficult to stop the momentum of Shah Rukh Khan, who returned to the film scr

How did it feel to return after meeting death: Experience of 567 patients - Feels like going away from the body

One in five people saved by cardiopulmonary resuscitation (CPR) after a heart attack has a near-d

DC vs GT: 'We could have won this match but...', David Warner became emotional after the defeat in the match, told where the mistake happened

David Warner Appreciates Sai Sudharsan, DC vs GT, IPL 2023. Delhi Capitals, captained by David Wa

China: China wants to control Pakistan's media, shocking revelation in American report

A shocking revelation has been made in an American report. It has been claimed in this report tha

An angry Mridul Tiwari spewed venom outside the house, calling Farhana 'toxic' and Amaal Mallik 'two-faced'.

Mridul Tiwari's mid-week eviction shocked Bigg Boss 19 fans. Mridul's displeasure with the evicti

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