Tag Archives: incentives

India to Provide $4-$5 Billion in Incentives to Boost Domestic Electronics Manufacturing and Reduce Reliance on China

India to Offer $4-$5 Billion Incentives to Boost Local Electronics Production and Reduce Dependence on China

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 Indiaโ€™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.

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