India Could Cut Import Fee, Offer $3B Boost for Electronics Production: Report
The Modi government has been trying to boost local manufacturing driven by the PLI (production linked incentive) schemes across sectors. Now, as per reports, the government is looking to provide nearly $3 billion aid to the electronics makers and also reduce import fee on the components to boost local production. Manufacturers of components such as camera parts and batteries could get up to $2.7 billion in aid from the government.... Read More