India is loosening legislation and enabling Apple and others to increase domestic production

India is making major strides towards incentivizing and expanding local production of major manufacturers like Apple and Samsung. The empowered committee of secretaries - the governing body for the country's Production Linked Incentive Scheme (PLI) program met on Friday and decided to remove and alter a few important clauses. This has been done as a deliberate effort to attract more US investment, mainly by making India more attractive as a partner in the so-called "China plus one strategy". Simply put, the changing and constantly-developing economic climate in China has been...



from GSMArena.com - Latest articles https://ift.tt/2XK62sn

Comments

Popular posts from this blog

iQOO 12 to offer 3 years of OS updates, Funtouch OS 14 seriously reduces bloatware

IDC and Counterpoint: 2018 saw first ever smartphone sales decline globally

Flashback: iOS 4 adds multitasking, FaceTime and other important features