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

Apple iPhone Supplier Joins Wave of Tech Investment in India

Apple assembly partner Pegatron is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year. In June, the government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting … Read more Apple iPhone Supplier Joins Wave of Tech Investment in India