The Indian government has unveiled an expanded incentive plan to attract large investments in the manufacture of information technology devices, doubling the amount to two billion dollars, as it aims to stimulate the local production of laptops and tablets.
The original $1 billion stimulus plan was announced in February 2021 as the world was facing the ordeal of a health crisis and with China in a double bind due to U.S. restrictions and the pandemic. The scheme is key to India's ambitions to become a force in the global electronics supply chain, targeting annual production of $300 billion by 2026.
The government expects these companies to produce nearly $41 billion in IT products and create more than 75,000 jobs.
Source (Al-Arab Newspaper of London, Edited)
