Tech giant Apple’s Taiwan contract manufacturers Foxconn, Wistron, and Pegatron have applied for $6.65 billion (approximately Rs. 49,828 crores) scheme to augment local smartphone manufacturing. 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 is hoping to turn the country into a global smartphone export hub by doing so.
While Apple already assembles some its smartphones, including the iPhone 11, via Foxconn and Wistron’s local unit in two states of India, this inclusion will give a bigger boost. Pegatron, which is one of Apple’s top suppliers, is yet to open a plant in India, but is in talks with various states to set up operations.
Even Samsung has applied for PLIs, and already runs the ‘world’s biggest mobile phone manufacturing plant on the outskirts of New Delhi’. It also exports devices made at the plant. Lava, which once also assembled some models for China’s Lenovo, was among the companies which had applied for the scheme.
Foxconn has also said that it plans to invest up to $1 billion to expand a factory in Tamil Nadu state where it assembles iPhones.