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

The ongoing anti-hijab movement in Iran spread to the world, thousands demonstrated in Paris and London

In Iran, anti-hijab agitations continue after Mahsa Amini's health deteriorated and then died in

Demon Slayer: 'Demon Slayer' crosses ₹500 million mark, Japanese anime film's earnings decline on 6th day

India has a large audience for Hollywood superhero films. Japanese anime series and films also ha

GATE Admit Card 2024: Admit card for the GATE exam will be released today, link will be active on gate2024.iisc.ac.in

Update for lakhs of candidates preparing for the GATE 2024 exam. The admit card (GATE Admit Card

Rohit-Virat: 'If you want to play for India, playing domestic cricket is mandatory', BCCI's strict message to Kohli-Rohit

The Board of Control for Cricket in India (BCCI) has sent a clear message to two of the country's

Gujarat Demolition: Bulldozer fair in Ahmedabad; 2.5 lakh square meters of land is being cleared even today, 3000 policemen are also deployed

The second phase of the ongoing encroachment removal campaign in the Chandola area of ​​Ahmed

Team India: Players met their families after a long time, Kohli got emotional after seeing his sister, pictures will win your heart

Team India returned to India on Thursday after winning the T20 World Cup 2024 title. There is a f

Action: Eight-year-old girl was not allowed to take the exam due to non-payment of fees, FIR against the principal of the famous school

In Mumbai, the capital of Maharashtra, a case of an innocent eight-year-old girl student being ex

'The whole of India will be grateful to you...', PM Modi suddenly reached Adampur airbase and met the army soldiers;

After addressing the country on Operation Sindoor, PM Modi reached Adampur Airbase in Jalandhar e

'Some solution can be found in a week or two, ' Shashi Tharoor made a big claim amidst Trump's 'tariff war'

US President Donald Trump has announced that impose a 25 percent additional tariff on India. The

Cyclone Biparjoy: Dwarkadhish temple was closed for devotees due to 'Biparjoy', but now the doors are open again

Cyclone Biparjoy moving towards the coasts of Gujarat had taken a very dangerous form. Because of

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