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INDIA'S ELECTRONICS MANUFACTURING SET FOR MAJOR INVESTMENT BOOST
The Business Guardian
|November 26, 2023
The Government approved INR 30 billion (USD 360 million) collective investments by 27 major electronics manufacturers to encourage more domestic IT hardware production, may well have started to pay off and this first wave of successful investments will be followed by equally large ones in the coming months as India positions itself as an attractive market on the Asian continent, BMI Country Risk & Industry Research has forecast.
Specifically, as a large addressable market of consumers and a trend of tech companies look to re-route their supply chains due to geopolitical risks, India's consumer electronics market will outperform its regional peers, as per the Fitch Solutions company.
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