Two Apple suppliers in India get manufacturing incentives

Two Apple suppliers in India — Foxconn and Wistron — have been selected for receiving the manufacturing incentives under the production-linked incentive (PLI) plan, says a report by 9To5Mac. The two companies also qualified for cashback deals if they helped in boosting the manufacturing in India. The incentives will most probably be used for the production of iPads in the country. The PLI scheme was approved by the government for tablets and laptops in February this year. It is meant to reward the companies with incentives, depending upon the quantity of production of units.

Apple has been looking to get financial incentives from India since 2016 for the iPhone, most of which were denied by the government at that time after which the company went on with its plan to assemble the iPhone SE.