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flag India launches $3 billion scheme to boost local electronic parts manufacturing, targeting $50-60 billion output.

flag India plans to launch a $3 billion incentive scheme to boost local electronic component manufacturing. flag The scheme aims to produce $50-60 billion worth of components over five to six years, increasing local value addition from 15-18% to 50% of the non-semiconductor bill of materials. flag It focuses on boosting production of components like PCBs, batteries, displays, and camera modules to reduce reliance on imports, especially from China, and aligns with the 'Make in India' initiative.

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