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India launches a $3.1 billion scheme to boost electronics manufacturing and create 91,600 jobs.
The Indian government has launched a new scheme, the Electronics Component Manufacturing Scheme (ECMS), aimed at boosting domestic electronics manufacturing and attracting large investments.
The scheme, worth ₹23,000 crore ($3.1 billion), seeks to increase India's share in the global electronics industry to 8% over six years.
It aims to create 91,600 direct jobs and enable production worth ₹4,56,500 crore.
The guidelines, launched by Union Minister Ashwini Vaishnaw, emphasize quality standards and innovation, targeting sectors like electronics, industrial, power, and automobiles.
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India lanza un esquema de $ 3.1 mil millones para impulsar la fabricación de productos electrónicos y crear 91,600 empleos.