💨 Abstract

India has approved $4.6 billion in investments for electronics components to build local supply chains and reduce reliance on China. The Ministry of Electronics and Information Technology cleared 22 proposals, expected to generate $28.6 billion in output. Major companies like Samsung and Tata Electronics are involved, focusing on manufacturing key components for mobile phones, telecom equipment, and other electronics. The government aims to localize high-value sub-assemblies and shield the supply chain from external shocks.

Courtesy: theprint.in