India unveils $5 billion plan to strengthen domestic electronics component production

India plans to invest $5 billion in local electronics firms to manufacture components, aiming to reduce reliance on Chinese imports. The initiative seeks to bolster domestic supply chains as electronics production surges, targeting $500 billion by 2030.

Nov 22, 2024 - 11:30
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India unveils $5 billion plan to strengthen domestic electronics component production
India plans to invest $5 billion in local electronics firms to manufacture components, aiming to reduce reliance on Chinese imports. The initiative seeks to bolster domestic supply chains as electronics production surges, targeting $500 billion by 2030.

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