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Electronics

India offers Foxconn and Samsung perks to boost phone production

New Delhi eyes $143bn output increase from program including parts makers

Among the companies enticed to boost output in India, some such as Foxconn assemble Apple's iPhone.   © Reuters

TOKYO -- India will provide subsidies to 16 manufacturers of mobile phones and electronic parts, including Hon Hai Precision Industry and Samsung Electronics, to expand production in the country.

The government anticipates that output will rise by a total of 10.5 trillion rupees ($143 billion) over the next five years, with just over 60% bound for export.The number of jobs directly created by the companies will top 200,000 over that period, New Delhi says.

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