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India plans $6.7b in perks for electronics production
The Straits Times
|November 25, 2024
It wants components for gadgets like cellphones made at home to wean itself off China’s supplies
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India will offer up to US$5 billion (S$6.7 billion) in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean itself off supplies from China.
India's electronics production has more than doubled in the last six years to US$115 billion in 2024, led by growth in mobile manufacturing by global companies such as Apple and Samsung.
It is now the world's fourth-largest smartphone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
Dit verhaal komt uit de November 25, 2024-editie van The Straits Times.
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