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Reports: Apple, Samsung suppliers apply for Indian govt's PLI scheme

Aug 02, 2020 19:46 IST

According to reports, suppliers for tech giants Apple and Samsung have applied for a $6.65 billion scheme to boost smartphone production in India. Firms such as Foxconn, Wistron and Pegatron are applying under the production-linked incentive, or PLI plan, that offers companies cash incentives on additional sales of handsets made locally over five years. Reports say the IT Ministry hopes this plan will help India become a global smartphone export hub like China.