Apple partners Wistron, Foxconn boosted by 1-4% local cashback on salesWhat you need to know
Wistron and Foxconn are two of several companies selected by India to be part of a group that will earn cashback.
Both will receive cash-backs of between 1% and 3% sales of locally-made goods for four years.
Good news for Indian production of Apple hardware.
India has named multiple companies that will benefit from cash-backs of between 1% and 3% sales of locally-made goods, with two of Apple's manufacturing partners on the list. Both Wistron and Foxconn are joined by Dell, and others on a list that are part of a $1 billion incentive plan to have companies produce electronics in India.
As reported by Reuters, the plan could see Apple benefit from the announcement — it was previously suggested that iPad production in the country could be boosted in particular.
Prime Minister Narendra Modi's policy push in the electronics sector has prompted Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron Corp(4938.TW) to set up base there.
...
Source:
Apple partners Wistron, Foxconn boosted by 1-4% local cashback on sales
