Apple Wants Bigger Piece Of Upcoming 'Make In India' Incentives For iPad Production
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India, Feb. 18 -- With India looking to boost its manufacturing industry with production-linked incentives for major electronics and hardware manufacturers, US tech giant Apple is said to be looking for a bigger allocation from the government for the incentives.
The Indian government is expected to announce an outlay of INR 7000 Cr (roughly $965 Mn) to encourage more manufacturers to set up shop in India by the end of the month. According to a Reuters report, Apple and other US companies are lobbying the government while dangling the prospect of bringing its iPad production to India from China. However, Apple wants the government to raise the allocation by nearly 3X to INR 20000 Cr. The new incentives would be for the manufacture of devi...
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