Business · 3h ago
India pours $20B into smartphone and chip manufacturing
India announced a $6.5 billion smartphone manufacturing program and a $13.3 billion semiconductor push to deepen its electronics supply chain. The initiative aims to reduce reliance on China for smartphone production and chip assembly. India seeks to become a global hub for electronics manufacturing with these investments.
Meridian48 take
The scale is ambitious, but execution and infrastructure hurdles remain significant for India to truly challenge China's dominance.
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India bets billions on breaking China’s grip on smartphone manufacturing →
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