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Govt woos phone makers with sops, ready-to-use facilities
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The plan, which has an outlay of ₹50,000 cr, will initially aim to attract five global suppliers and five domestic firms India will offer financial incentives and other ready-to-use facilities as part of a strategy to make the country a global manufacturing base for mobile phones and their parts.
The plan, which has an outlay of about ₹50,000 crore, will initially aim to attract five global suppliers as well as five domestic companies.
Of this, the biggest chunk of about ₹40,000 crore will be offered as production-linked cash incentives of 4-6% on incremental sales of mobile phones and related parts made in India for a period of five years, with 2019-20 as the base year, according to the ministry of electronics and information technology
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