Samsung, Apple to boost cellphone manufacturing in India

Samsung, Apple to boost cellphone manufacturing in India

on Saturday
Anonymous $qOHwDUKgAF

https://apnews.com/fac71359e6ad8bafb16493db141305c7

NEW DELHI (AP) — Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, a minister said Saturday.

The scheme will extend cash incentives of 4-6% for five years on incremental sales of goods manufactured in India with 2019-2020 as the base year, Technology Minister Ravi Shankar Prasad told reporters