
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
The cold wave is now intensifying in North India. Since Tuesday, a cold wave has intensified acro
The first meeting of the high-level committee formed by the Central Government to investigate the
Amarnath Yatra 2025: Accident on Amarnath Yatra route, five buses collided; 36 devotees injured
Around 36 Amarnath pilgrims were injured on Saturday when five buses collided in Ramban district.
Nuh Violence: Big action of administration in Nuh! Bulldozers run on illegal slums
In Tavadu, the administration on Thursday removed the illegal encroachment on the land of the Har
Will Putin pay India's price to Shahbaz? Pakistan wants to buy oil from Russia
With the rate at which Russia is selling oil to India, Pakistan also wants to buy oil from Putin
This feature of the iPhone 14 Series can be found in Samsung Galaxy S23 series, this is how it works
Samsung Galaxy S23: Apple's smartphones are popular all over the world. The reason for this is th
The results of the elections for 182 seats in Gujarat will be released a few hours from now. The
AR Rahman: After divorce, AR Rahman shared the first post, and expressed his happiness about this
Musician AR Rahman shocked his fans on Tuesday night when he and his wife Saira Banu announced th
Former minister and NCP leader Baba Siddiqui was shot dead. The Lawrence Bishnoi gang took respon
Singer-rapper Badshah is currently on his 'Unfinished USA Tour' in the USA, where he is making wa