India to offer up to US$5b in incentives for electronics production, weaning off China

Quick Summary:

India’s electronics ministry and finance ministry did not immediately respond to requests for comment.

The finance ministry will approve the scheme’s final allocation soon, the first official added, with the sources expecting it to be launched in the next two to three months.

The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongIndia

Topics: India’s Incentives Months China Billion Components Production Scheme India Manufacturing Electronics

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 21:59:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23766579

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