India Plans New Smartphone Manufacturing Incentives Tied to Exports

India is reportedly preparing a new set of incentives for smartphone manufacturing, aiming to connect government subsidies with export targets and increased use of locally produced components. Bloomberg posted on X, highlighting that this initiative is part of India's broader strategy to boost its domestic manufacturing sector and reduce reliance on imports. The move is expected to encourage manufacturers to deepen their integration with local supply chains, thereby enhancing the country's position in the global smartphone market. This development aligns with India's ongoing efforts to strengthen its manufacturing capabilities and promote economic growth.