India Announces $19.8 Billion Push to Expand Electronics Manufacturing and Semiconductor Capacity
India is ramping up its ambitions in the global electronics sector with two major funding announcements. New Delhi unveiled a $6.5 billion program aimed at boosting domestic smartphone manufacturing, complemented by a $13.3 billion push into semiconductors. Together, the initiatives represent a nearly $20 billion commitment to deepening India's electronics supply chain. The moves position India as an increasingly viable alternative to China for tech hardware production, as companies worldwide continue to seek supply chain diversification.