Samsung, Apple contract manufacturers apply for benefits under PLI scheme2Photo© gadgets.ndtv.com

Samsung, Apple contract manufacturers apply for benefits under PLI scheme

, 6 news, a view

Apple's Taiwan contract manufacturers Foxconn, Wistron, and Pegatron have applied for $6.65 billion (roughly Rs. 49,828 crores) scheme to boost local smartphone manufacturing, tech minister said on Saturday. 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 hopes it will help turn the country into a global smartphone export hub like neighbouring China.

Apple already assembles some its smartphones, including the iPhone 11, via Foxconn and Wistron's local unit in two states.

Pegatron, one of Apple's top suppliers, has yet to open a plant in India, but is in talks with various states to set up operations, according to sources.