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
Fellowship: PM Research Fellowship awarded to 16 researchers, students from IIT Gandhinagar
Fellowship: 16 Doctor of Philosophy (Ph.D.) scholars from the Indian Institute of Technology Gand
Trade Data: India's trade deficit increased to $ 26.91 billion; Imports increased, exports decreased
Trade Data: India's trade deficit continues to increase and the figure for its increase has come
Modi said on the statue of Mahatma Gandhi in the United Nations: Every Indian is proud to see this
Prime Minister Narendra Modi on Thursday said that the statue of Mahatma Gandhi at the United Nat
The world is in panic due to the great explosion of Corona in China. From America to the Indian g
The month of December is nearing its end, while the cold in North India is not taking its name. T
Earthquake Warning: Earthquakes can occur anytime in India, NGRI scientist warns
Seismologists in India have become alert due to the devastation caused by the severe earthquakes
Britain's Prime Minister Rishi Sunak has taken an important decision regarding the visa of Indian
Salman Khan: Salman Khan made the day of fans, gave a cute smile in a funky look
Bollywood's Dabangg Khan is always seen in style, but there is no comparison to his latest style!
Terrorists attacked a police station in Khyber Pakhtunkhwa's Dera Ismail Khan area with a gun and
After Sonam's arrest in the Indore Couple Case's Raja Raghuvanshi murder case, her father Devi Si
