Dell, HP, Foxconn Apply for India Aid in Local Production Push
- Modi is seeking to boost local production of tech hardware
- Companies would get cash back of almost 5% of factory prices
A worker prepares circuit boards at a factory in Noida, India.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Some of the world’s biggest tech companies, including Dell Technologies Inc., HP Inc. and Apple Inc. supplier Foxconn Technology Group, have applied for state aid to manufacture laptops in India.
Indian Premier Narendra Modi’s $2.1 billion financial incentive plan — a bid to boost local production of technology hardware such as laptops, personal computers, tablets and servers — has received an overwhelming industry response, Tech Minister Ashwini Vaishnaw said Wednesday.