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Samsung, Apple to boost cellphone manufacturing in India

/ 08:24 PM August 01, 2020

NEW DELHI-— Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, a minister said Saturday.

The scheme will extend cash incentives of 4-6% for five years on incremental sales of goods manufactured in India with 2019-2020 as the base year, Technology Minister Ravi Shankar Prasad told reporters

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The international cellphone manufacturing companies that have applied under the scheme are Samsung, Rising Star and three Apple contract manufacturers — Foxconn Hon Hai, Wistron and Pegatron.

Prasad said the scheme is expected to increase Apple’s and Samsung’s manufacturing base manifold in India.

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Nearly two dozen Indian and international companies in the cellphone segment have applied for the scheme, which is expected to generate 300,000 direct jobs in the country, Prasad said.

TOPICS: Apple, Foxconn Hon Hai, India, Pegatron, Samsung, Telecommunications, Wistron
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