The government has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics manufacturing. ADVERTISEMENTIndia's electronics manufacturing sector produced goods worth $125 billion in the year to March 2025. The proposals cover mobile manufacturing, telecom, consumer electronics, automotive and hardware products, according to a statement from the ministry. A unit of India's Dixon Technologies was given the nod for making display modules, while Lohum Cleantech secured the approval to manufacture rare-earth permanent magnets. According to the statement, Lohum's project is India's first for manufacturing rare-earth permanent magnets from rare-earth oxide.

Source: The Telegraph March 30, 2026 15:32 UTC