Ten
domestic companies were also selected, including smartphone maker Lava and
Dixon, which makes TVs for Xiaomi Corp in India, the government said in a
statement.
Under the
plan, manufacturers get cash-backs of 1% to 4% of additional sales of locally
made goods over four years, with 2019-2020 as the base year.
In the next
four years these companies are expected to produce Rs 1.61 lakh crore ($21.59
billion) of IT hardware and create more than 36,000 jobs, the government said.
The plan is
also likely to help US tech giant Apple Inc assemble some of its iPad tablets
in India, Reuters previously reported.
Prime
Minister Narendra Modi's policy push in the electronics sector has prompted
Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron
Corp to set up base there.
Modi's
strategy, coupled with huge market, have also helped turned the country into
the world's second-biggest mobile maker after China.
New Delhi
wants to replicate the success of smartphone manufacturing with other electronics
in a bid to cut imports.