Hon Hai India subsidiary granted state subsidiesPLI SCHEME: Indian authorities said Foxconn Hon Hai Technology India Mega Development has been given the green light to receive about 3.57 billion rupeesStaff writer, with CNAA Hon Hai Precision Industry Co (鴻海精密) subsidiary has secured approval for subsidies from Indian authorities for spending and sales from its production base in the country under the Production Linked Incentive (PLI) scheme, the Indian Press Information Bureau said in a statement on Wednesday. Foxconn Hon Hai Technology India Mega Development Pvt Ltd has been given the green light to receive about 3.57 billion rupees (US$43.1 million) for its spending and sales from Aug. 1 last year to March 21, the bureau said. A woman walks past signage for Hon Hai Precision Industry Co in New Taipe City yesterday. In addition to the Hon Hai unit, Padget Electronics Pvt Ltd, a wholly owned unit of Indian electronics maker Dixon Technologies Ltd, has also secured 583 million rupees, the statement said. Hon Hai Precision Industry has solid experience in producing iPhones in India, having manufactured the iPhone XR, the iPhone 11 and iPhone 12 in Chennai, the sources said.

Source: Taipei Times December 23, 2022 09:21 UTC