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India plans subsidies to promote Apple production in country

  • The Indian government is considering subsidies for electronic component manufacturers and reductions in import tariffs to promote Apple production in the country.
  • The Ministry of Electronics and IT has proposed providing at least 230 billion rupees ($2.7 billion) in support to manufacturers of components like batteries and camera parts.
  • The ministry has also recommended reducing tariffs on electronic components, which will help lower production costs.
  • The final decision on these proposals will be made by the cabinet, and if approved, details may be announced in the upcoming budget in February.

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