Apple’s second-largest contract manufacturer consider to apply for the Center’s Rs. 41,000-core production-linked incentive ( PLI ) scheme which seeks to establish India as an export hub, a senior government official familiar with this.
Apple largest Pegatron which recently set up an office in India join Apple’ two global contract manufacuturers Foxconn- which also makers for market leader Xiaomi and HMD ( maker of Nokia phones ) and Wiston to have applied for the government’s ambitious scheme underlining the iPhone maker’s.
Top Chinese players such as OPPO which makers for itself, Realme and OnePlus and Vivo are believed not to have applied for the PLI schemee, industry sources. The Chinese companies Xiaomi has been facing a backlash in India owing to the India-China Border Tensions.
A report by ET that Foxconn and Wiston and local handset makers Karbonn, Lava and Dixon had registered for the scheme and another local handset maker Micromaxa and US contract manufacture Flex were expected to apply in few weeks.
The PLI scheme under Rs. 40,951 crore can be given out as graded incentives to domestic and global companies in the next five years accounts for the bulk of the offerings.