Apple`s partners and Samsung apply for India`s $6.6 billion local smartphone production program
(WorldNews India)

South Korean giant Samsung, Apple`s contract manufacturing partners Foxconn, Wistron and Pegatron, and Indian smartphone vendors Micromax and Lava among others have applied for India`s $6.6 billion incentive program aimed at boosting the local smartphone manufacturing, New Delhi said on Saturday. The scheme, called Production-Linked Incentive Scheme, will offer a range of incentives to companies including a 6% financial incentive on additional sales of goods produced locally over five years, with 2019-2020...