Dell, HP, Foxconn apply for India production aidBloombergSome of the world’s biggest tech companies, including Dell Technologies Inc, HP Inc and Apple Inc supplier Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), have applied for state aid to manufacture laptops in India. Under Modi’s plan, companies are entitled to cash back of almost 5 percent of factory prices of finished products. The Indian government is trying to replicate the success of incentives it introduced in 2020 to jump-start the local assembly of smartphones. Companies could begin production under the plan by early next year, he added. Apple has yet to apply for incentives to locally assemble its MacBook laptops and iPad tablets, Indian government officials said.

Source: Taipei Times September 01, 2023 20:09 UTC