The Electronics and IT Ministry proposed giving manufacturers of components like batteries and camera parts at least 230 billion rupees (US$2.7bil) in support. — Bloomberg
NEW DELHI: India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing, especially of smartphones made by companies like Apple Inc.
The Electronics and IT Ministry proposed giving manufacturers of components like batteries and camera parts at least 230 billion rupees (US$2.7bil) in support, according to people familiar with the matter, who asked not to be identified as the discussions are private.
