๐ฏIndia's Bold Move for Electronics components manufacturing

๐ฏ India's Bold Move for Electronics components manufacturing So here's some exciting news straight out of the tech -policy world.The union cabinet has approved a ₹22,919 crore scheme to support the manufacturing of passive and non-semiconductor components.The scheme aimed at strengthening India's position in the global electronics supply chain. ๐⚡ What's the scheme Aimed to Do? create over 51,000 direct jobs ๐ฉ๐ญ Attract investments worth ₹58,058 crore ๐ฐ support the development of critical components for telecom, consumer electronics, automobiles, medical devices and more. ๐ ️ Why now? India 's been importing a lot of these components, which adds to a pretty huge trade deficit. In 2023 alone, India's USD 10.3 billion. According to industry estimates, this deficit could balloon to USD 248 billion by 2030. ๐จ Expected Impact The scheme is aligned with national policy objectives such as 'make in India' and 'Atmanirbhar Bharat '(self -Reliant ...