India’s electronic component push receives twice the anticipated interest

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New Delhi: India’s scheme offering incentives to create an electronics component supply chain has generated strong interest as the Centre received 249 applications, proposing investments totalling $13 billion ( 1.15 trillion), according to Union IT minister Ashwini Vaishnaw.

The total investments proposed by conglomerates and small enterprises is nearly double the $6.7 billion ( 59,350 crore) the ministry of electronics & IT (Meity) had expected, said Vaishnaw, without disclosing the names of the companies, citing that applications are under…



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India’s electronic component push receives twice the anticipated interest


New Delhi: India’s scheme offering incentives to create an electronics component supply chain has generated strong interest as the Centre received 249 applications, proposing investments totalling $13 billion ( 1.15 trillion), according to Union IT minister Ashwini Vaishnaw.

The total investments proposed by conglomerates and small enterprises is nearly double the $6.7 billion ( 59,350 crore) the ministry of electronics & IT (Meity) had expected, said Vaishnaw, without disclosing the names of the companies, citing that applications are under…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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