India Launches Major Incentives for Smartphone Manufacturing and Semiconductor Development
India has announced $6.5 billion in incentives over five years under its Mobile Phone Manufacturing Scheme to boost smartphone production, aiming to reduce reliance on China. An additional $13.3 billion is allocated to strengthen domestic semiconductor manufacturing. The initiative seeks to expand India's role as a global electronics hub by attracting major brands like Apple and Chinese manufacturers.
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Topics: Apple India semiconductors smartphone manufacturing supply chain diversification