Cheaper Apple iPhones soon, Samsung and many other ready to.. - YP Buzz

 YP Buzz - 

                     Due to this coronavirus outbreaks, India's latest plans to tempt business moving away from China seems to be going on, with big names like Samsung Electronics and Apple showing interest to invest in India.

                                                                            

Narendra Modi

 Prime Minister Narendra Modi's government in the month of the march announced that mobile companies and other electronics manufacturers eligible for the payment of 4% to 6% of their incremental sales over the coming five years and the result of that around 24 companies with $1.5 billion of investments to set up the electronics factories in India.

                                                                                

Samsung

 Along with Samsung, some other companies like Hon Hai Precision Industry Co., also known as Foxconn, Wistron Corp, and Pegatron Corp. Along with electronics factories, some pharmaceutical sectors, and also planned to cover more sectors, which include automobiles, textiles, and food processing also under the program.

                                                                              

Golden Opportunity

 This is the golden chance for India to gain in incremental investments of supply chains over the countries and the right opportunity for Indian youngsters and entrepreneurs. Kaushik Das, chief economist at Deutsche Bank AG in Mumbai, said that these activities are aimed at growing India's manufacturing share in gross domestic products.

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 YP Buzz

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