Apple Suppliers, Samsung Apply for Government’s PLI Scheme

Apple’s Taiwan contract manufacturers Foxconn, Wistron, and Pegatron have applied for $6.65 billion (roughly Rs. 49,828 crores) scheme to boost local smartphone manufacturing, tech minister said on Saturday. The production-linked incentive (PLI) plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year. India hopes … Read more Apple Suppliers, Samsung Apply for Government’s PLI Scheme