India Unveils $2.7 Billion Plan for Electronics Parts Production
The latest plan will cover parts used in displays and camera modules, as well as enclosures of phones and laptops, and multi-layer printed circuit boards.
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India’s federal cabinet Friday approved 229.2 billion rupees ($2.7 billion) in state-backed subsidies for making electronics components as the world’s most populous nation seeks to bolster manufacturing and create jobs.
A similar program for smartphone manufacturing, called the production-linked incentives plan, led Apple Inc. and Samsung Electronics Co Ltd. to export billions of dollars in mobiles from India.