India has a $6.6 billion plan to lure Big Tech into moving its manufacturing capabilities

India has a $6.6 billion plan to lure Big Tech into moving its manufacturing capabilities

India is growing its efforts to turn into a full-blown manufacturing hub as the local government wants to make the country completely self-reliant and increase its exports of consumer electronics. India has a 500 billion rupees ($6.65 billion) plan to bring more electronics manufacturing to the country in the coming years, taking advantage of changing conditions in the global supply chain and a growing opportunity to use the US-China trade war to further its national interests.
The move comes just as the country is easing restrictions related to the travel or foreign workers and engineers during the pandemic, and will target five companies that operate on a global scale in the technology industry, who will get an incentives extension of anywhere between four and six percent on sales of products manufactured in India.

drtaurasocom