Home Technology 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 (roughly Rs. 50,000 crore) program to spice up electronics manufacturing the place 5 international smartphone makers would get financial incentives to ascertain or develop present manufacturing within the nation. 

The three schemes surrounding this program are aimed to draw extra investments, improve smartphone, parts and spares manufacturing to a cumulative $133 billion over the following 5 years. As well as, it might create 500,000 direct jobs and 1.5 million oblique ones, electronics and IT minister Ravishankar Prasad mentioned in an announcement. 

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