Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG7023F_L.jpg

South Korea’s Samsung Electronics (OTC:SSNLF) Co Ltd (KS:005930) 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 year.