The government on Tuesday introduced a $6.6 billion incentive scheme for international and local companies to ramp up their electronics manufacturing production in India.
has the resources it needs to become a global electronics manufacturing hub and a competitive partner to the world economy, the country's technology minister said.for international companies to ramp up their electronics manufacturing production in India.
Electronics manufacturing — particularly the production and assembly of smartphones — is a cornerstone of Prime Minister"Make In India" campaign. In recent years, that's become more prominent as global tech companies are moving out of China to diversify their supply chain, going into places like Vietnam or India.
Last month, Modi gave a speech underscoring the need for India to become self-reliant as the economy struggles to bounce back from the coronavirus pandemic.India is one of the world's fastest-growing smartphone markets and Modi's government provided initiatives for smartphone companies to set up factories in the country.
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