India Approves $4.6 Billion to Boost Electronics Manufacturing and Supply Chains
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India Approves $4.6 Billion to Boost Electronics Manufacturing and Supply Chains

India has approved $4.6 billion to bolster its electronics manufacturing supply chain, aiming to reduce import dependence and challenge China's dominance. The initiative supports projects from major companies like Samsung and Tata Electronics, focusing on 11 key product categories. This move aligns with efforts to localize high-value sub-assemblies and protect India's supply chain from external shocks, mirroring Apple's expansion of iPhone assembly in the country.

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