Government clears 16 companies for product-linked incentive scheme

Out of these, 3 companies namely Foxconn Hon Hai, Wistron and Pegatron are contract manufacturers for Apple iPhones. Apple (37%) and Samsung (22%) together account for nearly 60% of global sales revenue of mobile phones and this scheme is expected to increase their manufacturing base manifold in the country.

from Electronics-Cons. Products-Industry-Economic Times https://ift.tt/3jCeWC9
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