Apple Inc is angling to participate in a new scheme to boost India’s exports of computer products, part of what plans to bring iPad tablet manufacturing to the South Asian country according to the Financial Post
The new performance-linked incentive (PLI) scheme, which offers cash-back to manufacturers for exports, will have a budget $965 million over five years, and may be launched by the end of February. India is also planning another PLI, at a budget of 50 billion rupees over five years, to boost domestic manufacturing of wearable devices such as smartwatches.
In India, Apple will likely have iPad’s assembled by one of its existing suppliers in the country Foxconn, Wistron or Pegatron. “The government is asking Apple to get iPads assembled by its contract manufacturers here, the non-Chinese companies.”
