India to offer $4-$5 bn in incentives for electronics production
The Free Press Journal|November 23, 2024
India is aiming to expand its electronics mfg to $500 billion by the fiscal year 2030, including production of components worth $150 billion
India to offer $4-$5 bn in incentives for electronics production

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China, Reuters reported.

India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.

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