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Technology

India fights for bigger piece of tech supply chain with $10bn in incentives

Government competes against China, Southeast Asia for manufacturing investment

An store selling Apple products in Mumbai: India's government aims to move the country up the electronics value chain.   © Reuters

BENGALURU -- India on Wednesday approved incentives worth 760 billion rupees ($9.94 billion) to spur local manufacturing of semiconductors and display panels, as the country competes with China, Thailand, Indonesia and Vietnam for a bigger foothold in global electronics.

The aid package will see the government provide support for up to half the cost of eligible manufacturing projects, according to a statement.

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