Incentive News

Videos

Foxconn Doubles Down On India Plans; Wants To Invest $200 Mn In Tamilnadu | Details

Foxconn is doubling down on its India plans. The Taiwanese electronic components major is all set to make another big-ticket investment in India. This time, one of its subsidiaries, FII is planning to invest 200 mn dollars in the country. Foxconn wants to make electronic components in a brand-new plant in Tamilnadu. According to Reuters, the subsidiary is already in talks with the government.

27 Jul 2023
Videos

Apple's Make-In-India Push; May Shift 18% iPhone Production to India by FY25

Apple is doubling down on its India plans. It is planning to shift more than 18% of its iPhone production to India. For the global tech giant, India is now a preferred manufacturing location. Modi government’s PLI scheme is driving increased mobile phone assembly and production in the country and companies like Apple are responding to government’s call to make in India. Apple already produces 7% of its iphones at its factories in India. This number is now all set to nearly increase 2.5 times to 18% by FY 25. A Bank of America research report, citing the recent success of mobile phone assembly and production in India claims increased production of mobile phones in India will lead to a significant shift in global supply chains.

14 Jun 2023
Videos

India’s Electronics Mfg. Crosses $100 Bn; Next Target, $300 Bn By 2026

India is going from strength to strength in the electronics manufacturing sector. Already the 2nd biggest mobile phone manufacturer in the world, India has crossed the 100 billion dollar landmark in electronics manufacturing. Earlier this year India became the world's second-largest mobile phone manufacturer thanks to the Production Linked Incentive (PLI) programme for the industry. The Economic Survey said that the number of handsets produced increased from 6 crore units in FY15 to 31 crore units in FY22.

18 May 2023
Videos

Making sense of an endowment policy l Why Not Mint Money

Traditional insurance plans are opaque products and the benefit illustration is your best friend in decoding these products. Here’s how.

2 Dec 2019
Politics

Tax incentive for new firms could spark ‘make in India’ for EV parts

The govt’s steps are likely to boost local production of Li-ion batteries, charging equipment and other partsThe FM said new manufacturing companies set up on or after 1 October will pay income tax at the rate of 15%

4 min read23 Sep 2019
Opinion

Opinion | Increasing India’s tax competitiveness

Interestingly, no cuts are proposed for foreign companies which continue to be taxed at 43.68%

2 min read20 Sep 2019
News

Opinion | Incentives may not drive performance

What incentive plans really accomplish? Do they motivate? Do they drive outcomes?

3 min read2 Sep 2021
Politics

Preparing package to address exporters’ woes: Suresh Prabhu

The minister said there has been a sharp decline in credit to the export sector and the department of commerce has taken up the matter with the finance ministry and with the RBI

2 min read24 Dec 2018
Auto

Govt plans levy on petrol, diesel cars to boost EV demand: Report

NITI Aayog has proposed incentives of up to ₹25,000-Rs 50,000 be directly transferred to EV buyers

1 min read19 Dec 2018
News

Opinion | Asymmetric incentives have the power to push for innovation

If you put the power of incentives and the irrational ways in which humans behave (predictably so), we can come up with a power recipe of motivating employees to experiment

3 min read2 Sep 2021
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