iPhone could be soon not just assembled but made in India. A 41,000 Crore rupee production linked incentive (PLI) scheme of the Modi government that aims to make India a major production hub for exporting mobile phones is getting a positive response from the mobile phone manufacturers.
Two of Apple’s Taiwanese manufacturers Foxconn and Wistron have applied for the PLI scheme. Other major global players in the mobile manufacturing including South Korean Samsung, Singapore-based Flextronics are also expected to submit their applications along with Indian manufacturers Karbonn, Lava, and Dixon Technologies.
Foxconn has filed applications through two companies, Hon Hai Precision Industry Co and Rising Stars Mobile.
Through the PLI scheme, the government is aiming to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components including assembly, testing, marking and packaging units.
Foxconn and Wistron already have their presence in India with Foxconn factory in Chennai, and the latter’s in Bangalore. While Foxconn manufactures phones for Apple as well as other companies like Xiaomi, Wistron is making exclusively for Apple.
The applications for the scheme, which was launched in April, were invited beginning from this month.
The applications for PLI scheme that was launched in April were invited earlier this month. Companies are allowed to file applications until July 31.
Micromax is also expected to file its application.