India is making major strides towards incentivizing and expanding local production of major manufacturers like Apple and Samsung. The empowered committee of secretaries - the governing body for the country's Production Linked Incentive Scheme (PLI) program met on Friday and decided to remove and alter a few important clauses. This has been done as a deliberate effort to attract more US investment, mainly by making India more attractive as a partner in the so-called "China plus one strategy". Simply put, the changing and constantly-developing economic climate in China has been...
Source: https://www.gsmarena.com/india_is_loosening_legislation_and_enabling_apple_and_others_to_increase_domestic_production-news-43498.php
