Dell, Foxconn sign up for Indian servers-and-PCs manufacturing subsidies
By Gomez in Business
Updated 3 years ago
India has met its target to lure five global server, PC, and tablet computer manufacturers to its shores, but in a slightly unusual way. A "Production Linked Incentive Scheme" announced in February 2021 set a goal of "5 major global players" willing to set up shop in India, in return for a shared pool of subsidies worth up to US1bn that will be paid over four years. Ten Indian operators were also sought and are eligible for the payments.