India’s PLI scheme is being hotly debated but we must also talk about our trade policy that has seen tariffs and input costs go up, thus counter-productively hurting domestic producers.
The state government of Karnataka in southern India announced that Foxconn would make iPhones there as the world s largest electronics manufacturer embarks on a series of investments in India amid global supply chain diversification.
According to the latest announcement by Samuel Garcia, the Governor of Nuevo Leon, Mexico, Quanta Computer will expand its investment by US$1 billion in the state, expecting to create 2,500 job positions locally.
As previous efforts failed to attract global PC manufacturers to make their products in India, the South Asian country doubled down on its incentive scheme to entice manufacturers, especially Apple, to help build a local ecosystem in India.