two apple supplier in India – foxconn and Python – have been selected to receive manufacturing incentives under the Production Linked Incentive (PLI) scheme, said a report by 9To5Mac. They are also eligible for cashback deals if both companies helped boost manufacturing in India. Possibly using incentives. will be used for the production of ipad in country. The PLI scheme was approved by the government in February this year for tablets and laptops. It is meant to reward companies with incentives based on the volume of units produced.
Apple has been looking to get financial incentives from India since 2016 for the iPhone, most of which were rejected by the government at the time after which the company went ahead with its plan to assemble the iPhone. iPhone I know. Apple Obtained permission to import iPhone components into the country without paying import duty. The tech giant wants to reduce its dependence on China for assembly of its products and spread more to other countries, India being one of the important ones.
Apart from Foxconn and Wistron, India chose Dell and Flex Ltd to promote and increase exports of laptops, tablets and PCs. According to a Reuters report, manufacturers will get “cash-back of 1% to 4% of additional sales of locally manufactured goods over four years, with 2019-2020 as the base year”.
Apple suppliers may not have had incentives for this iphoneBut getting the green signal from the government on tablets and laptops is a good sign for the tech giant.
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