India seeks to become top smartphone maker: Apple suppliers, Samsung, others seek a piece of the action

NEW DELHI: Apple Inc’s Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for funds from India’s $6.65 billion scheme to boost smartphone manufacturing, the technology minister said on Saturday. The production-linked incentive (PLI) plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the […]