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

Apart from Sambhal, another old temple was found in this city, DM was shot here… as soon as the news was received, there was panic in the administration!

On Monday, the police and administration swung into action after getting information about a clos

SC to hear Krishna Janmabhoomi-Shahi Idgah dispute today, Shahi Masjid Idgah Management Trust Committee has filed a petition.

The Supreme Court will hear many important cases on Tuesday including the bulldozer campaign, Sri

Chirag Paswan: The story of Chirag Paswan's journey from exile to becoming a cabinet minister, proved him to be a mature leader

Chirag Paswan is a great story of political transformation in Bihar and national politics. After

PM Modi In Tamil Nadu: 'Many schemes in our name and scams in their name', PM Modi lashed out at the opposition in Tamil Nadu

Prime Minister Narendra Modi is on a tour of South India for preparations for the Lok Sabha elect

Monsoon In India: Monsoon has arrived in Maharashtra, when will it enter Delhi-Mumbai; IMD gave the latest information

People are troubled by heat and heat waves in many parts of the country. However, for the last fe

Upcoming Hollywood Movies: These Hollywood movies coming on OTT from April to June, full dose of action and drama

Between April and June, many blockbuster Hollywood films are going to appear on OTT platforms. Ma

PM Modi: PM Modi gets 21st international award; yesterday Mauritius announced to give him the country's highest honor

Mauritius Prime Minister Navinchandra Ramgoolam announced on Tuesday that Prime Minister Narendra

LPG: Now there will be a QR code on the LPG cylinder, know how you will benefit from this initiative of the government?

In the coming few days, the LPG cylinder that reaches your home will also have a QR code. The gov

Arvind Kejriwal: Kejriwal's security is being messed with, rules are being flouted in Tihar at the behest of the Centre - AAP alleges

Aam Aadmi Party (AAP) has again said that Delhi Chief Minister Arvind Kejriwal's life is in dange

Weather Update Today: IMD's latest update on monsoon, yellow alert in 16 states including MP-Chhattisgarh

The monsoon is slowly starting to weaken. Monsoon is likely to depart in the next few days. It is

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