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

Operation Sindoor: All-party meeting will be held today at 11 am; the Central government will tell about the retaliatory action and future strategy

The Indian Army, under Operation Sindoor, carried out a precise attack in just 25 minutes and des

Gyanvapi Case: Allahabad High Court's decision in the Gyanvapi campus case secured, a petition filed by the mosque side

The Allahabad High Court has reserved its decision regarding the maintainability of the civil sui

Kisan Andolan: Peace at Shambhu and Khanauri border...but tension, tight vigil in Kundli and Tikri; Police set up tents

After the farmers' march to Delhi was postponed, the agitation was seen only on the Punjab side o

Weather Update Today: Weather patterns changed in North India, hailstorms in many places; Clouds will prevail in these states today

There was a partial change in the weather in most parts of North India. In Punjab's Gurdaspur and

Birthday of the world's third richest actor SRK: Shahrukh's mother, Magistrate Fatima, who was close to Indira Gandhi, and father used to sell tea

In a show in 2014, Anupam Kher asked Shahrukh Khan do you ever bother thinking that who will have

RBSE 10th Result: Bundi's Nidhi topped the state by scoring 99.67 percent marks in class 10th, Education Minister congratulated her

Rajasthan Board of Secondary Education has released the results of class 10th. In this result, Bu

Modi 3.0 Oath Ceremony: Sheikh Hasina and Ranil Wickremesinghe will attend Narendra Modi's swearing-in ceremony, these countries are also invited

Modi 3.0 Oath Ceremony: The results of the Lok Sabha elections were declared on Tuesday (4 June).

NASA, NOAA to announce 2022 global temperature and climate conditions today

Climate researchers from NASA and the National Oceanic and Atmospheric Administration (NOAA) will

For the first time, the chief guest of Republic Day will come from Egypt: an exercise to help Muslim countries; Guest is selected in 6 months

In 2023, the country will celebrate its 74th Republic Day. This time the chief guest will be the

IND vs ENG: 'If you are fit then play all the matches', Dilip Vengsarkar targeted Bumrah; also reprimanded Gambhir-Agarkar

Former Indian team captain and former chairman of the selection committee Dilip Vengsarkar has ta

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