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India plans to prepare Rs 2,000 crore to encourage Apple to produce hardware like iPhones, MacBooks and iPads

The Times of India reported that after successfully attracting the landing of Apple’s iPhone foundry, the government is preparing to increase the investment agreement to attract MacBook and iPad assembly/manufacturing in the country, hoping to expand IT hardware. The Production Linked Incentive (PLI) scheme is close to Rs 20,000 crore.

India’s Ministry of Information Technology has proposed a revised Production-Linked Incentive (PLI) scheme for IT hardware aimed at encouraging investment in manufacturing laptops, tablets, AIO PCs and servers, a government official said.

India has successfully tested the production of iPhones and will start producing other products such as MacBooks and iPads next, the sources said. In addition, the outlet previously reported that India’s Ministry of Information Technology plans to increase incentives under the PLI scheme, which may be announced in April 2023.

“We’ve had a taste of success in iPhone production because all of Apple’s top manufacturers — Foxconn, Wistron, and Pegatron — are now making billion-dollar smartphones here. Our next step is in the Other products such as MacBooks and iPads are produced in India,” the source told TOI.

The Ministry of Information Technology, the nodal sector that promotes the development of the electronics manufacturing industry in the country, has submitted a proposal to strengthen the scheme and the matter is now being handled by the Ministry of Finance and some other relevant departments.

The Times of India reported that the Indian government plans to increase the budget to 200 billion rupees and increase incentive support from 1-4% to an average of 5%. India’s 2021 budget expenditure is 73.5 billion Indian rupees (about 890 million U.S. dollars), but it has not yet attracted global PC manufacturers.

It is worth mentioning that India has a completely different policy for laptops than smartphones as they impose a 20% duty on imported smartphones whereas there is no such restriction for laptops as the category falls under ITA-1 which allows zero duty import. Therefore, compared with computers, more mobile phone brands have no choice, and they have to transfer their production bases to India to avoid high tariffs that affect competitiveness.

Meanwhile, the Economic Times reported, citing official data, that Apple’s suppliers in India, such as Foxconn, Wistron and Pegatron, have created 50,000 direct jobs and nearly 100,000 jobs since the PLI program implemented mass manufacturing. million indirect jobs.

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