New Delhi: Apple iPhone manufacturers Foxconn and Wistron and local handset makers Karbonn, Lava and Dixon have applied for the ₹41,000-crore production-linked incentive (PLI) scheme, which seeks to establish India as an export hub rivaling northeast Asia’s electronics powerhouses.“Foxconn has filed applications through two companies Hon Hai Precision Industry Co and Rising Stars Mobile. Micromax will also file its application,” a top industry executive told ET on the condition of anonymity. The person added that US contract manufacturer Flex, among the world's largest, will also file its application soon.Foxconn and Flex didn’t respond to ET’s queries. Wistron couldn’t be reached for a comment. Taiwan's Foxconn, the world's biggest electronics contract manufacturer, recently told its shareholders it would invest more in India and the details of those investments would be announced shortly. Foxconn makes smartphones for Apple Inc, HMD Global and Xiaomi Corp in India. Wistron is also expected to start manufacturing Apple's latest iPhone SE 2020 in India at its facility near Bangalore. It is currently making iPhone 7 in India.Lava International CMD Hari Om Rai and Pardeep Jain, managing director of Jaina group and Karbonn Mobiles, confirmed the development to ET.
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Friday, 26 June 2020
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