Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

Apple's Taiwan suppliers Samsung apply for India's smartphone scheme

Apple's Taiwan suppliers Samsung apply for India's smartphone scheme

Foxconn Technology Group, Wistron Corp. and Pegatron Corp., all iPhone assemblers, are among companies picked to make smartphones under a production-linked incentive plan, Ravi Shankar Prasad, minister for electronics and information technology, said at a press conference in New Delhi Saturday.

Apple and Samsung account for almost 60 per cent of global sales revenue of mobile phones. "Apple and Samsung, India welcomes you with attractive policies".

The government had notified three schemes on April 1 for the promotion of electronics. He said the companies estimate they will produce smartphones and components worth $153 billion during the five-year duration.

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.

The ministry also revealed that over 40 applications were also received for the Electronics Manufacturing Clusters (EMC) scheme aimed at boosting manufacturing of electronics components.

Uganda court sentences killer of mountain gorilla to 11 years
On June 1, 2020, Rafiki was reported missing in the group and on June 2, 2020, a team mounted a search for the missing silverback. Another three suspects who were arrested at the time have pleaded not guilty and been remanded in custody while they await trial.

Industry has reposed its faith in India's stellar progress as a world class manufacturing destination and this resonates strongly with Prime Minister's clarion call of AtmaNirbhar Bharat - a self-reliant India, the Minister said. "These companies will produce mobile phone & components in India worth Rs 11.5 lakh crores in the coming 5 yrs out of which products worth Rs 7 lakh crores will be exported". Among the domestic companies, Lava, Dixon Technologies, Bhagwati (Micromax), Padget Electronics, Sojo Manufacturing Services and Optiemus Electronics have applied. Companies that have submitted applications for component manufacturing include Ascent Circuits and Visicon, the government said in a statement. Companies under mobile phone (priced above Rs 15,000) segment have proposed a production of over Rs 9 lakh crore, while the domestic firms have proposed a production of about Rs 2 lakh crore.

Highlighting the benefits of the scheme Prasad said, "These companies will create 3 lakh direct while close to 9 lakh indirect jobs". The move could boost the value of phone output to 11.5 trillion rupees in the next five years, he said.

When asked about Chinese companies participating or any restrictions on them, Prasad said, "As an IT Minister I am not supposed to comment upon the individual business decision from any country.there are norms by the government of India and we are very clear on them and those norms have to be complied".

"We have proper rules and regulations with regard to our security and with bordering countries", he said. If the manufacturers achieve that, it would significantly enhance annual exports of phone handsets from the existing $3 billion.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.