India offers up to $5 billion in incentives to boost local electronics manufacturing, targeting a $500 billion industry by 2030.

India plans to offer up to $5 billion in incentives to promote local electronics manufacturing, aiming to reduce reliance on Chinese imports and boost its electronics industry, which has grown to $115 billion in 2024. The initiative targets key components like printed circuit boards, aiming to deepen local supply chains and reach a production value of $500 billion by 2030. The scheme is expected to be launched within the next two to three months.

November 22, 2024
21 Articles