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Searched Tag: indian electronic sector

India’s $5B incentive push to wean electronics from China

India’s $5 Bn incentive push to wean electronics from China

November 22, 2024, 04:24 PM - 2 min read

India's electronics production has more than doubled to $115 billion in 2024, driven by mobile manufacturing growth from global firms like Apple and Samsung, but the sector faces criticism for its reliance on imported components from countries like China.

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India's electronics sector, heavily reliant on imported components, faces mounting challenges due to high import tariffs and restrictions on Chinese investments, according to industry voices calling for policy revisions.

India urges reforms on Chinese FDI curbs

June 24, 2024, 08:34 AM - 2 min read

Industry leaders warn that these measures, intended as safeguards, are now impeding the growth of India's electronics sector. They assert that the Production Linked Incentive (PLI) scheme, introduced in 2020 to encourage large-scale manufacturing by offsetting cost disadvantages, may no longer suffice due to the "tariff-induced cost" affecting competitiveness against countries like China and Vietnam.

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