India Eyes $550 Million Incentives to Draw Apple, Tablet Makers
- Country plans to raise rewards in bid to lure IT manufacturers
- South Asian nation accelerates push to become production base
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India plans to boost the financial incentives for manufacturers that make tablets and laptops in the country, wooing companies such as Apple Inc. and Dell Technologies Inc. as part of its bid to challenge China as a production base.
The federal technology ministry has floated the revamped program to electronics industry executives for consultation, including payments that could exceed a half a billion dollars per company, people familiar with the matter said. India wants to boost production of tablets and laptops to cut imports and make the country an export hub in the longer term.