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Government may give incentives worth millions of dollars to Apple, Dell to make laptops in India

The central government is planning to give financial incentives to companies producing laptops and tablets in the country. These companies include Apple and Dell. This will also give competition to China as the production base of these companies. In order to reduce imports, the government wants to make the country an export hub in the long term, along with increasing the production of laptops and tablets.

The technology ministry has modified an already existing plan for this and has sought suggestions from the executives of electronics companies on this. Sources with knowledge of the matter said that this could include incentives of more than $ 500 million per company. The plan aims to attract Apple, Dell, HP and Asus to expand or start production in the country. The government specifically wants to encourage Apple to manufacture iPads in the country. The company is already assembling the iPhone in India through its Taiwanese suppliers.

Bloomberg News A government document accessed by the company has offered incentives of Rs 4,500 crore per company. However, for this, foreign companies will have to invest at least Rs 700 crore in five years in addition to the expenditure incurred till March last year. Incentives will depend on the local components procured by these companies and can be up to around 6 per cent of the sales of the finished products. However, this scheme can be changed after consultation with the industry.

Last year, a scheme worth Rs 7,350 crore was launched to increase manufacturing and export of IT products like laptops, tablets and personal computers in the country. However, these companies did not take interest due to low incentives. Apple’s new iPhone 14 will be made in India. Apple is expected to grow its business rapidly from this world’s largest smartphone market after China. company started manufacturing in India in 2017 with the iPhone SE. It is making advanced iPhone devices in India including the iPhone SE, iPhone 12 and iPhone 13. The iPhone 14 has also been added to this.

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