With its iPhone contract manufacturers Wistron, Foxconn and Pegatron having already been identified as beneficiaries under the Government's $6.7 billion production linked incentive (PLI) scheme for smartphone manufacturing, Tim Cook led Apple Inc is now said to be lobbying with the Government for incentives to shift a part of its iPad manufacturing to India, Times of India.
This comes as the Government is readying another Rs 7,000 crore PLI scheme to give a thrust to the local manufacturing of products like tablets, laptops and servers. The scheme is likely to be launched by the end of February. Apple Inc is said to be lobbying for a much larger outlay of Rs 20,000 crore.
It should be noted that the Cupertino, California based technology behemoth has steadily been raising the production of iPhones in India in a bid to reduce the reliance on Chinese manufacturing.
Meanwhile, it should also be noted that India is also readying a Rs 5,000 crore PLI scheme to boost the manufacturing of wearable devices like smartwatches in the nation. The PLI scheme is expected to be announced in the next two months.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.