NEW DELHI – India has approved federal incentives to boost domestic smartphone production to 16 companies, including iPhone makers Foxconn, Wistron and Pegatron, according to reports.

The nearly $6.7 billion incentive program is part of the government’s “Make in India” plan. To participate, firms have to invest. Foxconn, Wistron and Pegatron reportedly plan to invest a total of almost $900 million in India over the next five years.

Samsung also received approval, along with five Indian companies, including Lava and Micromax.

The program offers incentive involving cash worth 4% to 6% of additional sales of goods made locally over five years.

Approved companies are expected to make smartphones and components worth more than 10.5 trillion rupees (US$143.05 billion).

PCB West Virtual 2020 has more than 125 hours’ worth of technical sessions on printed circuit design and manufacturing available through Oct. 12.  pcbwest.com 

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