Foxconn, Dell and others to participate in $1 billion incentive program in India

According to foreign media reports, India's Ministry of Electronics and Information Technology recently issued a statement confirming that it has selected Dell, Wistron's ICT, Flextronics and Foxconn's Indian subsidiary Ring Stars to participate in the $1 billion Production Linked Incentive (PLI) program to promote local manufacturing.

The program announced in February, is said to be designed to support the production of domestic technology products through a series of cash-back incentives for manufacturers. In addition to these four foreign companies, India also selected 10 local companies, including smartphone maker Lava. Under the program, these manufacturers will receive a cash rebate of 1 to 4 percent of additional sales of locally manufactured goods over the next four years, using net incremental sales in fiscal years 2019–2020 as a benchmark.
These companies are expected to produce about 1.61 trillion rupees (about $21.59 billion) of IT hardware and create more than 36,000 jobs.

Apple had previously lobbied the Indian government to provide incentives to increase iPad sales in India. Apple has reportedly started manufacturing some devices in India, including iPhone models assembled by Wistron and Foxconn. Apple is reportedly ready to move 10 percent of iPhone 12 production to India.