Apple’s top suppliers are going to invest $900 million in India

On Monday Reuters reported that Foxconn, Wistron, and Pegatron, these are three top contract suppliers of Apple Company, they plan to invest $900 million in India for the next five years.

They want to invest under the government’s new $6.65 billion Production Linked Incentive (PLI) scheme. It gave offers to such companies about cash incentives on any increase in sales of local smartphones in the next five years.

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News source: Reuters 

Update by Srijita Ghosh