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
Bumper discounts on Xiaomi to Samsung Galaxy, deals are such that you will buy the phone immediately
Prime Phones Party: Amazon has brought a new sale event on its platform. The company has named it
Congress MP Shashi Tharoor, who is leading one of the seven all-party delegations from India, is
PM Modi: Mamta Banerjee can meet PM Modi on December 5, and these issues can be discussed
West Bengal Chief Minister Mamata Banerjee is likely to meet PM Narendra Modi on December 5 on th
While offline business has become normal, the online modern retail business is showing tremendous
Indian cricketer Rinku Singh has tied the knot. On Sunday, the star player got engaged to Samajwa
The last vote in the 2024 election year was cast at 6 pm on Wednesday (November 20). Maharashtra'
RuPay in Europe: Worldline and NPCI join hands to expand UPI and RuPay services, know the plan
Global payment service provider Worldline has joined hands with NPCI International Payments to ex
IAS PCS Free Coaching: The Uttar Pradesh government is going to provide free coaching for IAS and
Pat Cummins-led Australian team defeated New Zealand by 3 wickets in the second Test and won the
Following India's victory in the ICC Men's T20 World Cup 2026, the ICC sanctioned Arshdeep Singh
