A worker handles a mobile phone at a manufacturing plant in Noida, India, May 12. — Reuters
NEW DELHI: India launched a US$6.65bil (RM28.69bil) plan on June 2 to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
The government is offering a production-linked incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over five years, with 2019-2020 as the base year, technology minister Ravi Shankar Prasad told a news conference.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
