Samsung, Apple to boost large-scale cellphone manufacturing in India

A man uses his mobile phone to take photographs of posters carrying messages on symptoms of coronavirus disease inside hospital premises in Kolkata, India. (Reuters)

Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, a minister said on Saturday.

The scheme will extend cash incentives of 4-6 percent for five years on incremental sales of goods manufactured in India with 2019-2020 as the base year, Technology Minister Ravi Shankar Prasad told reporters.

Read more: Google says it will spend $10 billion to accelerate digitization in India

The international cellphone manufacturing companies that have applied under the scheme are Samsung, Rising Star and three Apple contract manufacturers — Foxconn Hon Hai, Wistron and Pegatron.

Indian girls look at a mobile phone prior to taking part during Independence Day celebrations in Secunderabad, the twin city of Hyderabad. (File photo: AFP)

Indian girls look at a mobile phone prior to taking part during Independence Day celebrations in Secunderabad, the twin city of Hyderabad. (File photo: AFP)

Prasad said the scheme is expected to increase Apple’s and Samsung’s manufacturing base manifold in India.

Nearly two dozen Indian and international companies in the cellphone segment have applied for the scheme, which is expected to generate 300,000 direct jobs in the country, Prasad said.

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Last Update: Saturday, 01 August 2020 KSA 13:49 - GMT 10:49
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