India wants to be a 'partner of the global economy' in its manufacturing push, minister says

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The government on Tuesday introduced a $6.6 billion incentive scheme for international and local companies to ramp up their electronics manufacturing production in India.

has the resources it needs to become a global electronics manufacturing hub and a competitive partner to the world economy, the country's technology minister said.for international companies to ramp up their electronics manufacturing production in India.

Electronics manufacturing — particularly the production and assembly of smartphones — is a cornerstone of Prime Minister"Make In India" campaign. In recent years, that's become more prominent as global tech companies are moving out of China to diversify their supply chain, going into places like Vietnam or India.

Last month, Modi gave a speech underscoring the need for India to become self-reliant as the economy struggles to bounce back from the coronavirus pandemic.India is one of the world's fastest-growing smartphone markets and Modi's government provided initiatives for smartphone companies to set up factories in the country.

 

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BYE,BYE, 🇨🇳XI ..

Companies shouldn’t run from China to India. India is taking away citizenships from its own people based on their religion and putting them in camps. They are building 1000s of camps there for this purpose. India won’t be as stable as China.

India wants to be new Chiba

Will you use this as justification for the market rally tomorrow?

Moody’s literally just downgraded the entire country of India to Baa2, near junk status. I’d say this a very very desperate attempt of call by the Minister.

indianotchina

I am not sure but I believe America has cancelled that program

India needs to consider Minds. Thailand just made the switch. Decentralized social media is the future.

narendramodi are you sure you can handle It?

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