Apple’s iPhone assembly partner Foxconn has asked the Indian government for larger payments from a manufacturing fund, because other companies failed to meet standards.
Apple’s increased production of iPhones in India was aided by the introduction of production-linked incentive schemes (PLI), promising funds to companies manufacturing in the country. Foxconn now wants a bigger cut of the subsidy pie.
Foxconn and Dixon Technologies India are requesting for the Indian government to bump up their subsidies under PLI schemes. The companies have already received approval for payments for reaching production targets, but they want more, reports Bloomberg.
Continue Reading on AppleInsider | Discuss on our Forums
Source: AppleInsider News
In a promotional push to boost interest for the upcoming second season, Apple has added…
At CES 2025, Bluetti, a leading name in clean energy solutions and this year's CES…
The world’s richest man claims he’s playing the game at the highest level. But that’s…
Danny Boyle directs the new zombie sequel starring Aaron Taylor-Johnson and Jodie Comer, but not…
If you thought 2025 might finally be the year you managed get through that pesky…
Ever wish you could rearrange or delete apps from CarPlay? It turns out you can,…