India considers new incentives to woo smartphone manufacturers

Delhi wants to draw investments away from China and Vietnam

India is gaining importance as a manufacturing hub for electronics, as well as a growing market for them. © Reuters

MOULISHREE SRIVASTAVA, KrASIA

December 26, 2019 15:31 JST

BANGALORE -- India is planning to offer more incentives to smartphone manufacturers to achieve its ambitious target of upping its mobile device exports to $110 billion by 2025 from the current $3 billion.

This is in line with the Indian government’s five-year-old flagship initiative "Make In India," which seeks to refashion the country as an electronics manufacturing hub for overseas companies.