Government can give incentives worth millions of dollars to Apple, Dell to make laptops in India

The central government is planning to provide financial incentives to companies producing laptops and tablets in the country. These companies include Apple and Dell. With this, China will also be competed as a production base of these companies. To reduce imports, the government wants to make the country an export hub in the long term along with increasing the production of laptops and tablets.

The Technology Ministry has made a change in a plan already existing for this and has sought suggestions from the executives of electronics companies on it. Sources who are aware of the case said that it can include incentives per company per company. The scheme aims to attract Apple, Dell, HP and Asus to increase or start production in the country. The government especially wants to encourage Apple to make iPad in the country. The company is already assembling iPhone through its Taiwan’s suppliers in India.

In a government document viewed by the Bloomberg Information, incentives worth Rs 4,500 crore have been offered. However, for this, foreign companies will have to invest at least Rs 700 crore in five years in addition to the expenditure incurred till March last year. Incentives will depend on the local components purchased by these companies and can be up to 6 percent of the sale of finished products. However, the scheme can be changed after consultation with the industry.

Last year, a scheme of Rs 7,350 crore was launched to increase manufacturing and exports in the country of IT products such as laptops, tablets and personal computers. However, these companies were not interested due to lack of incentives in it. Apple’s new iPhone 14 will be built in India. After China, Apple is expecting its business rapidly from this world’s largest smartphone market. The company started manufacturing in India with iPhone SE in 2017. This is making advanced iPhone devices including iPhone SE, iPhone 12 and iPhone 13 in India. The iPhone 14 has also been added to it.