India Government has named Dell, Wistron Corp’s ICT, Flex and Foxconn’s Rising Stars as its choice of global companies in a $1 billion incentive plan to produce and boost exports of laptops, tablets and personal computers.
India has also selected ten Indian companies, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi in India.
Under the plan, manufacturers get cash-backs of 1 percent to 4 percent of additional sales of locally made goods over four years, with 2019-2020 as the base year.
In the next four years these companies are expected to produce 1.61 trillion rupees ($21.59 billion) of IT hardware and create more than 36,000 jobs, the government said.
The plan is also likely to help U.S. tech giant Apple assemble some of its iPad tablets in India, Reuters reported.
Apple suppliers Foxconn and Wistron have started expanding in India, and Pegatron has set up base there.