Apple and Samsung hope to produce more smartphones in India under the government’s PLI scheme. According to a report, Apple providers Foxconn, Wistron and Pegatron have requested a scheme for $ 6.65 billion (approximately Rs. 49,828 crores) to increase production in India. Meanwhile, Samsung has also requested PLI in the country.
The Indian government’s Production Linked Incentive Scheme (PLI) offers incentives to companies for the sale of locally produced devices. Through this plan, the government hopes to attract more smartphone manufacturers to start production in the country.
It is noteworthy that Apple already has its suppliers Foxconn and Wistron’s assembly lines in India and has recently started producing the flagship iPhone 11 in the country. In addition, Pegatron, which is one of Apple’s largest suppliers, is also in talks with various states in the country to establish its plant. With the new PLI plan, these manufacturers can increase smartphone production in the country and get cash incentives in return.
Samsung, by the way, already has the world’s largest smartphone manufacturing unit established in India. The company makes many of its smartphones here, even exporting some of them to other countries. It also recently invested $ 500 million to establish a display manufacturing facility in the country.
India already offers incentives to companies in the form of cheap labor, and companies have recently begun moving their manufacturing units out of China to some extent to reduce dependence on the country. With PLI, India can make this situation work more in its favor, attracting major smartphone manufacturers to set up factories in the country.