India’s technology ministry is planning to revamp how laptop and phone manufacturers will gain access to financial incentives in a bid to boost its image as a production base, according to a Bloomberg report.

The program seeks to cut the import of tablets, laptops and iPhones and turn India into a export hub in the long term. Currently, companies such as Dell, Apple, HP as well as Asustek Computer are being targeted for the program, insiders told Bloomberg. Technology industry executives have been given a copy of the revamped program for consultation, people familiar with the matter old Bloomberg.

Apple is the big fish here that India will most likely want to close on, given that the tech company already has a substantial presence here. iPhones are assembled in India and is looking to make sure iPads do too.

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The Bloomberg report says that under the new plan by the technology ministry companies could get as much as $549 million as long as they’re willing to invest $85 million over a period of five years, which includes outlays made since March last year.

India’s move comes in light of the current geopolitical scenario where China isn’t look as lucrative as it was pre-pandemic. The Xi Jinping administration has refused to make exceptions for COVID-19 often shutting down entire cities for weeks, disrupting economic activity. Earlier this week, Apple surprised everyone by rolling out iPhone 14 production in India months ahead of schedule after the Foxconn Group ironed out supply chain issues.

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Apple still hasn’t moved its tablet product to the subcontinental country however. The new incentive could prove to be just the boost it needs, considering the Indian tablet and computer market grew at a 12% rate last quarter, according to technology analysis firm Canalys. This growth came even as global electronics demand has dropped.

For companies like Dell and HP, the incentives aren’t likely to mean much as they already have manufacturing setups here and have excess capacity.