https://www.reuters.com/article/us-india-manufacturing-smartphone-idUSKBN24X3MA

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FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn's office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang/File Photo. NEW DELHI (Reuters) - Apple Inc’s ( AAPL.O ) Taiwan contract manufacturers Foxconn ( 2317.TW ), Wistron Corp ( 3231.TW ) and Pegatron Corp ( 4938.TW ) have applied for India’s $6.5 billion scheme to boost local smartphone manufacturing, the country’s tech minister said on Saturday. South Korea’s Samsung Electronics Co Ltd ( 005930.KS ) has also applied for the production-linked incentive (PLI) scheme, technology minister Ravi Shankar Prasad told a news conference. The plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base yea... Full story

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