India proposes nearly $3 billion in subsidies for electronics makers like Apple Tim Cook in a previous visit to India -- image credit: Apple.
In addition to the subsidies, the ministry has also suggested that India reduce tariffs on certain electronic components, ultimately bringing down production costs, a source told Bloomberg.
India's Ministry of Electronics and IT has proposed giving component makers billions in aid in an effort to boost local manufacturing of devices like the iPhone.
The move should help attract electronics makers, especially those who make smartphones, to utilize India for manufacturing jobs.
Prime Minister Narendra Modi has been working directly with Apple since 2015 as part of the "Make In India" program.
