Name: Apple's assembly partners applying for India's $6.6B manufacturing incentive program | AppleInsider
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Apple's assembly partners applying for India's $6.6B manufacturing incentive program | AppleInsider

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&nbsp;By6 hours ago&nbsp;&nbsp;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. India has been planning the 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 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. Under the scheme, which has received 22 applications from firms ranging from assemblers to electronic component producers, participants have agreed to export 60% of locally-produced units out of the country. It is estimated this will result in $153 billion worth of smartphones and components during the entire five-year period the scheme will run for. The companies signing up to take part have also agreed to offer direct and indirect employment opportunities to a total of 1.2 million Indians. "Apple and Samsung, India welcomes you with attractive policies. Now expand your presence in the country," said Prasad, who pointed out the two companies made up more than 50% of global smartphone sales revenue. "We are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening [the] electronics manufacturing ecosystem in the country," Prasad added. In an attempt to make the scheme more attractive to Apple and other firms, the government has been making changes to the scheme. , a clause that valued the acquisition of plant machinery acquired from China and South Korea at only 40% of its real value, one that would have encouraged acquiring locally-produced manufacturing tools, was removed. Apple's manufacturing partners and are already producing iPhones in the country, while has registered a subsidiary in India, with a view to setting up a new factory. For Apple, the PLI scheme provides it more incentive to out from China. Scaling up production in India will help reduce the impact of various international factors, including currency changes and political influences such as the .AppleInsider has affiliate partnerships and may earn commission on products purchased through affiliate links.These partnerships do not influence our editorial content.&nbsp;&nbsp;India can be a great manufacturer country if they don’t setup so many roadblocks for foreign companies.china was not much better in late 70’s. However they allowed foreign companies to invest with next to none restriction. Now, look at them. Of course they are evil and greedy. But at least they know how to set a trap properly. Now companies can’t get out without losing an arm and leg. Let’s face it, how many city/country are willing to build an airport just for Apple/Foxconn and setup a special tax region just to attract a company to setup a mega factory in your city.India should just learn from China, for the sake of its people and the rest of the world. We all hate China. &nbsp;Does&nbsp;said:India can be a great manufacturer country if they don’t setup so many roadblocks for foreign companies.china was not much better in late 70’s. However they allowed foreign companies to invest with next to none restriction. Now, look at them. Of course they are evil and greedy. But at least they know how to set a trap properly. Now companies can’t get out without losing an arm and leg. Let’s face it, how many city/country are willing to build an airport just for Apple/Foxconn and setup a special tax region just to attract a company to setup a mega factory in your city.India should just learn from China, for the sake of its people and the rest of the world. We all hate China. &nbsp;I don't get it. Indians buy a lot of Xiaomi smartphones.&nbsp;said:India can be a great manufacturer country if they don’t setup so many roadblocks for foreign companies.china was not much better in late 70’s. However they allowed foreign companies to invest with next to none restriction. Now, look at them. Of course they are evil and greedy. But at least they know how to set a trap properly. Now companies can’t get out without losing an arm and leg. Let’s face it, how many city/country are willing to build an airport just for Apple/Foxconn and setup a special tax region just to attract a company to setup a mega factory in your city.India should just learn from China, for the sake of its people and the rest of the world. We all hate China. &nbsp;I don't get it. Indians buy a lot of Xiaomi smartphones.&nbsp;said:India can be a great manufacturer country if they don’t setup so many roadblocks for foreign companies.china was not much better in late 70’s. However they allowed foreign companies to invest with next to none restriction. Now, look at them. Of course they are evil and greedy. But at least they know how to set a trap properly. Now companies can’t get out without losing an arm and leg. Let’s face it, how many city/country are willing to build an airport just for Apple/Foxconn and setup a special tax region just to attract a company to setup a mega factory in your city.India should just learn from China, for the sake of its people and the rest of the world. We all hate China. &nbsp;Please do not count me on your “all of us hate China” counter.&nbsp;Please enable JavaScript to view commentsApple has, once again, extended its COVID-19 Customer Assistance Program for Apple Card for another month, with customers able to defer their payments due in August without any penalty.Apple has removed a large number of games and apps from the App Store in China, a research firm has determined, with almost 30,000 apps taken down in the middle of a crackdown on games that don't have the required government licensing to allow for in-app purchases.Dark Sky, the popular weather app, is no longer available to download or use on Android and Wear OS, with the Apple-owned app now nonfunctional on Google's mobile and wearable device platforms.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.The Apple Watch Series 6 may have a comparable or shorter battery life compared to previous models, with regulatory filings indicating there could be three different sizes of battery used, with two out of the three smaller than the last generation and one larger.President Donald Trump threatened to ban the popular video app TikTok in the United States, an act that could take place on Saturday and risks raising tensions between the U.S. and China once more.Apple has released a new video marking NHL's return to play, with players from the Vegas Golden Knights filming unique footage using an iPhone 11 Pro on the ice, with the assistance of hockey tape.There may not have been a new 2020 iMac, but Apple was rarely out of the headlines in July, with a series of controversies, an unimaginable amount of cash — and a surprising number of launches.Copyright © 2020, Quiller Media, Inc.|||

&nbsp;By6 hours ago&nbsp;&nbsp;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. India has been planning the 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%...

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

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