Business

Samsung, Apple to Boost Cellphone Manufacturing in India

A security officer talks on a phone in front of an image of an iPhone displayed at an Apple store in Ahmedabad, India, Saturday, Aug. 1, 2020. (Ajit Solanki/AP Photo)

NEW DELHI—Three contract manufacturers for Apple iPhones and South Koreas 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 percent 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.

The international cellphone manufacturing companies that have applied under the scheme are SamsunRead More – Source

Show More

Related Articles

Back to top button
Close