India introduces $1 billion incentive to boost local tech manufacturing

India is promoting local technology manufacturing with a series of cash-back incentives, although not as much as Apple reportedly sought.Credit: Andrew O'Hara, AppleInsiderDespite reported lobbying from Apple to increase its plans, India's government has approved its previously proposed production-linked incentive (PLI). Over four years, the government commits to paying manufacturers' cash-backs ranging between 1% and 4% on locally-made devices. Read more...