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
During the hearing of the money laundering case in the Supreme Court, there was an indication of
Only a few days remain for the Maharashtra Assembly elections. While campaigning for the BJP, Uni
India has successfully tested the indigenously developed anti-drone state-of-the-art hypersonic m
Strong earthquake tremors have been felt on Thursday in the Kermadec Islands, located in the nort
The match between Delhi and Railways in the Ranji Trophy is going on at Arun Jaitley Stadium. On
Rajasthan New CM: Rajasthan CM may be announced soon, BJP will announce observers today!
After the counting of votes in Rajasthan on December 3, the BJP government won power in the state
The catering contractor of the CSMT-Madgaon Vande Bharat Express has been fined Rs 25,000 by the
Apple WWDC 2023: From lock screen upgrade to Journal app, these powerful features found in iOS 17
Apple's Worldwide Developers Conference (WWDC) 2023 has begun. Let us know that its keynote is be
After a big defeat against Sunrisers Hyderabad in the last match, Lucknow Supergiants will face D
On Tuesday, the water level of the Yamuna River on Delhi's old railway bridge has once again rise
