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

Internet shutdown in Manipur's Churachandpur district, section 144 imposed; Violence took place before the Chief Minister's visit

A mob set ablaze an open gym constructed at PT Sports Complex in New Lamka in Manipur's Churachan

Fear of terrorist attack in Pakistan: America told its citizens – to vacate Hotel Marriott soon

The US Embassy in Pakistan has issued a security alert for its citizens. After the suicide attack

MI vs RCB: After 10 years, Bangalore defeated Mumbai at Wankhede, Krunal Pandya shone after Kohli-Patidar

On the strength of Krunal Pandya's lethal bowling, Royal Challengers Bangalore (RCB) defeated Mum

PM Modi in US: How Modi targeted China-PAK on US tour, read what he said to Biden about Russia

Prime Minister Narendra Modi on Thursday held bilateral talks with President Biden at the White H

UP Chunav Results 2024: Rahul's stature increased in UP due to victory... He shone as soon as he took over his mother's legacy; creating history

Rahul lived up to the expectations with which Sonia fielded him in the Gandhi family's stronghold

Pant vs Samson: Kiwi veteran became crazy about Samson, and said - Pant's average is 35 and Sanju's 60, he also deserves a chance

After the retirement of former Indian captain Mahendra Singh Dhoni, there is a debate going on ab

Steven Smith Retirement: Steve Smith could not bear the pain of defeat against India, and suddenly said goodbye to the ODI

Australian team captain Steve Smith announced his retirement from ODI cricket. The Indian team de

Crime News: One arrested for cheating in the name of police recruitment by posing as fake DIG, recovered uniform with OFS sticker

Police have arrested a person who duped youth in the name of police recruitment by becoming a fak

KIIT Suicide: Scholarship in memory of student; Now 24-hour help to students; Nepali Foreign Minister talks to minister

After the alleged suicide of Nepali student Prakriti Lamsal at Odisha's Kalinga Institute of Indu

Dera's reply to Delhi Commission for Women Chairperson: A conspiracy is being hatched against Ram Rahim; Maliwal had accused of intimidation

Dera Sacha Sauda Management has given a reply to Swati Maliwal, chairperson of the Delhi Commissi

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