Apple suppliers miss India targets, calls for extended incentive program
(iMore iPhone)

Apple suppliers Foxconn, Wistron, and Pegatron have all reportedly missed on government-set targets. What you need to know A report says that manufacturers in India are calling for an extension to a production incentive program in the country. Apple suppliers including Foxconn are all named as companies that have missed production targets due to the pandemic. India`s government has successfully enticed many companies to the nation with generous subsidies provided that they meet production quotas. A new report says that multiple companies have called on the Indian government to extend a production incentive program, as all but one have missed targets set by the scheme due to COVID-19. From Economic Times: Manufacturing companies have urged the government to push the five-year production-linked incentive (PLI) scheme timeline by a year and consider the current fiscal as zero year due to Covid-led disruptions that dragged the production output behind stipulated targets. ...