News > Apple iPhone Makers May Be Gainers to bring manufacturing to India

Apple iPhone Makers May Be Gainers to bring manufacturing to India

Times 85 | 14/09/2020 09:26 PM | Click to read full article

iPhone assemblers are among the companies expected to win approval to participate in a $6.6 billion stimulus program to bring manufacturing to India. At a cabinet meeting on Wednesday, the government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years.

Under the Production Linked Incentive program, manufacturing incentives will rise each year for smartphone brands to make their products in India and export to the world.