According to reports, the Center is planning to expand the production-linked incentive (PLI) scheme’s budget from Rs 7,350 crore to Rs 20,000 crore in an effort to promote the manufacture of MacBooks and iPads in India.
The IT ministry has already sent the finance ministry and other ministries the proposal to increase the outlay. India’s main ministry for the production of hardware is the IT ministry.
The Center offers the company incentive support at 1-4% over four years under the current PLI programme. This may increase to 5% after the adjustments. Additionally, there are no import duties on laptops.
The company may also take into account the possibility of a joint venture (JV) between Chinese and Indian businesses, where the Indian business retains control. However, Apple has found it challenging to achieve a balance in production due to the hostilities between the two nations.
The paper went on to say that in addition to Apple, it would be essential to draw in businesses like Dell and HP to become a “global manufacturing hub.””These are large corporations that must provide services to international markets. We are certain that an improved and friendlier scheme would produce results in the IT hardware, since the eco-system in India has been progressively developing since the PLI schemes “TOI was informed of the developments by a source.
