
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
Aditya Dhar's directorial venture, Dhurandhar, is receiving both praise and criticism. The film h
NEET UG Paper Leak: Supreme Court issues notice to NTA in NEET case, says it will have to respond
Students are very angry about the rigging of the NEET 2024 result. Now the matter of irregulariti
The third arrest has been made in the Delhi excise policy scam case. CBI has arrested Abhishek Bo
On every special occasion, Google congratulates its users through doodles. Today i.e. 29th Februa
There has been a slight increase in the cases of corona in the country. The Health Ministry said
This new actor enters the Battle of Galwan, will he become an Indian Army officer like Salman Khan?
Earlier this month, superstar Salman Khan announced his upcoming much-talked-about film, Battle o
A fire broke out in a 35-storey building near the world's tallest building, Burj Khalifa. Accordi
The final report of the polygraph test of the Shraddha murder case accused Aftab Amin Poonawalla
Today, i.e. from December 1, many changes have taken place across the country. Now you have to pa
One country-one election bill will be presented in Lok Sabha today, BJP issued a whip to MPs
The Constitution (129th Amendment) Bill for 'One Nation One Election' is going to be introduced i