As per industry sources, Apple’s contarct manufacturers Foxconn, Wistron have applied for the Centre’s Rs 410 billion production-linked incentive (PLI) scheme. Foxconn is believed to have submitted two applications, one in the name of Hon Hai Precision Industry Co and the second in the name of Rising Stars Mobile India Pvt Ltd.
Meanwhile, among the local handset manufacturers, Karbonn, Lava and Dixon Technologies have also applied for the scheme.
The government had launched the PLI scheme a few months back with an aim to establish India as an export hub.
In addition to the above-mentioned players, Samsung and Flextronics are also expected to submit their applications shortly.
All interested companies need to apply by July 31, 2020 and the names of selected companies is expected to be announced by early August 2020. Initially, five global and five local companies will be selected to avail the scheme.
