Modi government mulls Rs 40,000-crore scheme to boost electronic component manufacturing

Buoyed by the success of localised assembly of finished electronic products such as smartphones, the Modi government is likely to come out with a ₹40,000-crore scheme incentivising electronic component manufacturing.

Officials indicated that discussions are in the initial stages and various options are being looked into. They said the government is exploring various incentive models, including subsidies for operational expenditure, capital expenditure, or a combination of both, depending on the specific component category.