The scheme will extend cash incentives of 4-6% for five years on incremental sales of goods manufactured in India with 2019-2020 as the base year, Technology Minister Ravi Shankar Prasad told reporters.
The international cellphone manufacturing companies that have applied under the scheme are Samsung, Rising Star and three Apple contract manufacturers - Foxconn Hon Hai, Wistron and Pegatron.
Prasad said the scheme is expected to increase Apple's and Samsung's manufacturing base manifold in India.
Nearly two dozen Indian and international companies in the cellphone segment have applied for the scheme, which is expected to generate 300,000 direct jobs in the country, Prasad said.
In another development, India’s coronavirus caseload crossed 1.75 million with another spike of 54,735 in the past 24 hours.
The new cases are down from 57,118 on Saturday. The Health Ministry on Sunday also reported 853 deaths for a total of 37,364.
Randeep Guleria, a top government expert, said that New Delhi and Mumbai may have crossed their peak levels with declining trends.
The month of July alone has accounted for more than 1.1 million cases in india. Health Minister Harsh Vardhan said the case fatality rate is progressively reducing and currently stands at 2.18%, one of the lowest globally.
Out of the total active cases, only 0.28% are on ventilators, 1.61% need intensive care support and 2.32% oxygen support. - AP
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