Apple's assembly partners applying for India's $6.6B manufacturing incentive program

Apple’s assembly partners Foxconn, Pegatron, and Wistron have all applied to participate in India’s $6.6 billion Production-Linked Incentive Scheme, in a bid for benefits for increasing production of smartphones in the country.

Apple CEO Tim Cook in IndiaIndia has been planning the PLI scheme for some time, with a goal to tempt large-scale manufacturers to increase their production of smartphones in the country. According to the Indian government, Apple’s manufacturing partners will be taking part in the scheme, as well as Samsung and other local mobile device vendors.The scheme will provide a 6% financial incentive on additional sales of goods produced in the country over a five-year period, TechCrunch reports India IT Minister Ravi Shankar Prasad informing a press conference on Saturday. Production between 2019 and 2020 will be set as the base year for improvement measurement.

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