India courts iPhone and Samsung makers with a juicy 5-year manufacturing subsidy

India has been trying to push electronics and mobile manufacturing under its “Make in India” scheme. As part of the project, it invited proposals from the international phone makers to allow a subsidy of 4-6% on sales for gadgets produced in the country. Today the government announced that Samsung and Apple’s partners Foxconn, Winston, and Pegatron have won a five-year approval to gain benefits from this scheme. Under the Production Linked Incentive Scheme (PLI), phone-makers will get 4-6% benefit on devices that are worth ₹15,000 ($205) or above. [Read: Facebook and Instagram ban all QAnon accounts, violent content or not] The government expects…

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