Tag Archives: electronics manufacturing

India is set to launch a new scheme offering up to $5 billion in incentives to companies that manufacture key electronic components locally. This initiative, aimed at reducing the country's reliance on China for electronics supplies, comes as India’s electronics production has more than doubled over the past six years, reaching an impressive $115 billion in 2024. The scheme is expected to be unveiled in the next two to three months.

Prime Minister Narendra Modi engaged in a virtual meeting with Google CEO Sundar Pichai to explore opportunities for expanding electronics manufacturing in India and enhancing the use of AI tools for good governance. Pichai discussed Google's fintech center plans and financial inclusion initiatives in India.