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India's Electronics Industry Shifts to Export Focus, Boosting Growth
February 29, 2024
|The Business Guardian
In the dynamic landscape of global electronics manufacturing, India has made substantial strides, underscored by initiatives such as "Make in India."
The nation is strategically positioning itself to capitalize on the shifting preferences of global companies, moving production away from China. This transition not only aims to cater to the increasing demand for electronic goods but also seeks to reduce dependence on imports, fostering self-reliance and technological autonomy.
Government Initiatives: Paving the Way for Growth The Indian government has been proactive in implementing a range of initiatives to propel the electronics manufacturing sector forward. Programs like Make in India, the National Policy on Electronics (2019), and the Production
Linked Incentive (PLI) schemes are integral components of this multifaceted approach.
These initiatives collectively incentivize domestic manufacturing, localize electronics production, attract foreign direct investment, and stimulate export growth. The Electronics Manufacturing Clusters (EMC) Scheme further contributes to creating a self-reliant and globally competitive electronic manufacturing ecosystem in India.
هذه القصة من طبعة February 29, 2024 من The Business Guardian.
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