India Approves ₹625 Billion Incentive Program to Boost Local Smartphone Component Manufacturing
India has announced another major initiative to strengthen its electronics manufacturing sector, approving a ₹625 billion (approximately $7.3 billion) subsidy program aimed at expanding domestic smartphone component production. The move complements the country’s broader semiconductor strategy and is designed to shift India from being primarily an assembly hub to a global manufacturing powerhouse. The incentive…
