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Incentives for Apple, Samsung suppliers

India is looking to offer a series of incentives to suppliers of Samsung and Apple to encourage them to open manufacturing units in the country. Proposals submitted by Ministry of Electronics and Information Technology (MeITY) include interest subsidy on local borrowing by manufacturers, according to a government official quoting to ET. They may form part of the federal budget to be unveiled on Feb. 1. The proposals also includes setting up of industrial zones equipped with taxation and customs clearance, along with infrastructure such as roads, power and water supply, the official said. India has plans in place to manufacture US$ 190 billion worth of mobile phones by 2025, compared to US$ 24 billion presently.