NEW DELHI (Reuters) – Apple Inc’s
South Korea’s Samsung Electronics Co Ltd has also applied for the production-linked incentive (PLI) scheme, technology minister Ravi Shankar Prasad told a news conference.
The plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year.
(Reporting by Sankalp Phartiyal; Editing by Kim Coghill)