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 T20 World Cup 2024 is being organized under the hosting of America and West Indies. India has
Samsung Galaxy M04 On Amazon: Samsung has launched a phone that will please its customers. Samsun
Daniel Balaji Death: Bad news is coming out from South Cinema. Well-known actor Daniel Balaji, wh
Airtel 5G Plus launched in 8 cities, what is the specialty of next-generation connectivity
Airtel has given a big gift to the customers waiting for 5G services. Airtel has launched its Air
A hallmark of what kind of image Pakistan has between the world and its people was seen when slog
Pakistan will not participate in the meeting of the Chief Justices of the Shanghai Cooperation Or
US President Donald Trump has imposed an additional 25% tax on goods coming from India. This tax
Punishment for treason for clapping, once again the dictatorial face of China came to the fore
The dictatorial face of China has once again come to the fore. A surprising case has come to ligh
There has been a demand for a separate state of Nagaland in the form of 'Frontier Nagaland'. Rega
Britain's first space mission 'The Start Me Up' failed late on Monday night. Virgin Orbit, the co
