NEW DELHI, Aug 2 (AP): Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a US$6.5 billion incentive scheme announced by the government, a minister has confirmed.
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.
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