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Electronics firms may get $5 bn manufacturing incentives
Business Standard
|November 23, 2024
The government will offer up to $5 billion in incentives to local electronics companies to make components for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
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India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms 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.
Bu hikaye Business Standard dergisinin November 23, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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