Now it’s being a craze for all the companies to get the government tag on their Goodwill the same steps are now followed by Apple and Samsung and both are hoping to produce more smartphones in India under the government’s PLI scheme. Well according to the sources, Apple’s suppliers Foxconn, Wistron, and Pegatron have all applied for a $6.65 billion scheme to increase production in India. Meanwhile, Samsung has also applied for PLIs in the country.
But not only the Indian government but the other countries’ governments are now trying to do the Production Linked Incentives (PLI) plan offers companies incentives on sales of devices by the foreign as well as domestic production as well. By way of this plan, the government is hoping to attract more smartphone manufacturer’s to start production in the country.
Well, probably It’s noteworthy that Apple already has its suppliers Foxconn and Wistron’s assembly lines in India and has recently started producing the flagship iPhone 11in the country. Moreover, Pegatron, which is one of the biggest suppliers for Apple is also in talks with various states into the various countries as well as states of the country set up its plant. With the new PLI plan, these manufacturers can increase the production of smartphones in the country and get cash incentives in return prospectively.
So meanwhile the Samsung, by the way, already has the world’s biggest smartphone manufacturing unit set up in India also are spread its innovative functions and features as well. The company manufactures a lot of its smartphones here, even exporting some of them to other countries. It also recently invested $500 million towards setting up a display manufacturing facility in the country.
But here we must say that like some other countries, India is also the one who already offers companies incentives in the way of cheap labor, and companies have recently started moving their manufacturing units out of China to some degree to reduce dependency on the country. With PLIs, India can make this situation work more in its favor, enticing major smartphone makers to set up factories in the country own wards Prospectively.