Apple assembly partners to benefit from India's $6.6B production initiative
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Apple’s iPhone assembly partners in India are expected to benefit from the country’s $6.6 billion Production-Linked Incentive Scheme, an initiative to encourage the production of smartphones in the region.
Apple CEO Tim Cook on a visit to India in 2016
Reports in August revealed assembly partners Foxconn, Pegatron, and Wistron had all applied to take part in the PLI Scheme, which doles out financial incentives for increases in smartphone manufacturing. It is claimed that, in an announcement on Wednesday, those Apple-linked companies will gain approval to take part in the program.
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