Dell, HP, Foxconn Apply for India Aid in Local Production Push
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Some of the world's biggest tech companies, including Dell Technologies Inc., HP Inc. and Apple Inc. supplier Foxconn Technology Group, have applied for state aid to manufacture laptops in India.Indian Premier Narendra Modi's $2.1 billion financial incentive plan — a bid to boost local production of technology hardware such as laptops, personal computers, tablets and servers — has received an overwhelming industry response, Tech Minister Ashwini Vaishnaw said Wednesday. Under the plan, companies are entitled to cash back of almost 5% of factory prices of finished products. Sourcing components locally will help manufacturers win more financial benefits. Some 32 companies, including units of homegrown contract manufacturers such as Optiemus Electronics Ltd. and Dixon Technologies I...