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India’s $6.6 billion plan to boost electronics manufacturing – a closer look

India’s $6.6 billion plan to boost electronics manufacturing – a closer look


India has launched a $6.65 billion (approximately Rs. 50,000 crore) program to boost electronics manufacturing where five global smartphone makers would get monetary incentives to establish or expand existing production in the country. 

The three schemes surrounding this program are aimed to attract more investments, enhance smartphone, components and spares production to a cumulative $133 billion over the next five years. In addition, it would create 500,000 direct jobs and 1.5 million indirect ones, electronics and IT minister Ravishankar Prasad said in a statement. 





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