India to offer $4-5b incentives for local electronics manufacturing

India to offer $4-5b incentives for local electronics manufacturing

FILE PHOTO: Vehicles pass through the security check at the entrance of Tata Electronics Plant in southern India which makes Apple AAPL.O iPhone component in Hosur, Tamil Nadu, India, September 28, 2024. REUTERS/Haripriya Suresh/File Photo

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.

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