0
Wireless

Indian govt to offer subsidized loans to mobile handset manufacturers - report

Wednesday 15 January 2020 | 14:27 CET | News
The Indian government plans to offer subsidized loans to mobile handset manufacturers in a bid to attract Apple and Samsung suppliers to open factories in the nation. As part of this project, India's Ministry of Electronics and Information Technology plans to offer interest subsidies on local borrowing by manufacturers, Bloomberg reports. These proposals may be included in the federal budget to be announced on 1 February, an unnamed official source said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Foxconn / Nokia / Samsung / Xiaomi
Countries: India
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Samsung India launches Digital Library project for 100 Karnataka schools

Published 27 Feb 2020 14:10 CET | India
Samsung R&D Institute Bangalore (SRI-B) and the Government of Karnataka have launched the 'Samsung Digital Library', a project ...

Samsung launches Galaxy A51 in India, adds 'Make for India' features

Published 30 Jan 2020 07:45 CET | India
Samsung has launched its Galaxy A51 smartphone in India. The device features Samsung's Infinity-O Super AMOLED display, as well ...

Samsung launches Republic Day Offers, up to 15% cashback promo in India

Published 21 Jan 2020 07:54 CET | India
Samsung India has launched a series of special offers and promotions to celebrate the Republic Day. These exciting offers, ...

Samsung to invest USD 500 million in new smartphone display plant in India - report

Published 20 Jan 2020 09:14 CET | India
Samsung plans to invest USD 500 million in the deployment of a new smartphone display manufacturing plant in New Delhi. The ...

Apple to open first retail store in India - report

Published 09 May 2019 07:05 CET | India
Apple will soon open its retail store in India. The company has drawn up a list of suitable locations, which include several ...

Foxconn to assemble high-end iPhones in India - report

Published 28 Dec 2018 13:53 CET | India
Foxconn will start assembling high-end iPhones in India from next year for Apple, the Nikkei reported. Sources said the move ...

Nokia starts manufacturing 5G base stations in India

Published 25 Oct 2018 11:05 CET | India
Nokia has announced that its manufacturing unit in Chennai in South India has started manufacturing 5G New Radio (NR) based on ...

Xiaomi brings smartphone component manufacturing to India with Holitech Technology

Published 07 Aug 2018 17:09 CET | India
Xiaomi said its key component supplier Holitech Technology will start component manufacturing in India. Holitech Technology ...

Samsung opens 129,000-square meter mobile phone plant in India

Published 09 Jul 2018 17:35 CET | India
Samsung Electronics has inaugurated its new mobile phone manufacturing facility in Noida, Uttar Pradesh, India. Samsung India has ...

Oppo to open new plant in Greater Noida, make 50 mln units per year in 2019

Published 15 May 2018 07:30 CET | India
Chinese manufacturer Oppo plans to deploy a production facility in Greater Noida, India. The new plant will have a production ...

Lemon Mobiles to invest INR 1.5 billion in manufacturing facility deployment

Published 19 Apr 2018 08:33 CET | India
Lemon Mobiles plans to invest INR 1.5 billion in the deployment of a manufacturing facility for mobile phones and LED TVs, The ...

Xiaomi launches in-house SMT line for PCBA manufacturing in India

Published 10 Apr 2018 09:42 CET | India
Chinese mobile phone and accessories manufacturer Xiaomi has held its first Supplier Investment Summit in India. At this event, ...

Samsung confirms INR 49 bln investment plans in India

Published 07 Jun 2017 17:58 CET | India
Samsung Electronics has announced it plans to invest INR 49.15 billion in India. The investment will be used to add fresh ...

Sung Ha Telecom to start phone production in India - report

Published 31 May 2017 10:33 CET | India
South Korea's Sung Ha Telecom will build a mobile phone manufacturing unit in Chhattisgarh. The project follows recent ...

Foxconn to revive Nokia's Chennai plant, wants govt support

Published 04 Oct 2016 12:10 CET | India
Foxconn Technology Group has agreed with Nokia to revive the manufacturing plant near Chennai. Foxconn has set tough conditions ...

Lenovo to start laptop production in India

Published 04 Oct 2016 11:30 CET | India
China's Lenovo sees India as a potential centre for manufacturing laptops, ET reports, citing Dinesh Nair, director of consumer ...

Gionee to open manufacturing plant in India

Published 03 Jun 2016 08:47 CET | India
Chinese mobile handset maker Gionee is scouting for land in North India to deploy a manufacturing plant, The Economic Times ...