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India eyes $550 million incentives to woo companies like Apple, Dell

The technology ministry has floated the revamped program to electronics industry executives for consultation, including payments that could exceed a half a billion dollars per company

Photo: Bloomberg
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Photo: Bloomberg

Sankalp Phartiyal | Bloomberg
India plans to boost the financial incentives for manufacturers that make tablets and laptops in the country, wooing companies such as Apple Inc. and Dell Technologies Inc. as part of its bid to challenge China as a production base.
 
The federal technology ministry has floated the revamped program to electronics industry executives for consultation, including payments that could exceed a half a billion dollars per company, people familiar with the matter said. India wants to boost production of tablets and laptops to cut imports and make the country an export hub in the longer term.

The effort is aimed at

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First Published: Sep 29 2022 | 9:46 AM IST

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