Wired
It is reported that a new pay-as-you-go contract (PLI) scheme to accelerate the production and export of IT products in India has been approved by the Government of India. Apple, which had expressed interest in participating in the scheme, is one step closer to producing iPads in India.
Total budget is over 100 billion yen
The total budget of the PLI scheme approved in India is 73.5 billion Indian rupees (about 107.6 billion yen), which is expected to lead to the export of IT products amounting to 2.45 trillion Indian rupees (about 3,586.5 billion yen). It has been.
The scheme is to provide 1% to 4% cash back for products produced and sold in India, and the base year is 2019 to 2020.
Create new employment opportunities for 180,000 people
“The aim of the scheme is to accelerate production in India by attracting giant tech companies to India,” said Ravi Shankar Prasad, Minister of Communications and Information Technology in India. According to him, the scheme will create new employment opportunities for 180,000 people.
With the approval of the PLI scheme, Apple, which had expressed interest in participating in the scheme, has taken a step towards iPad production in India, Reuters reports.
Source: Reuters
Photo: Apple
(lexi)
Source: iPhone Mania