Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

🇮🇳 India's ingenious plan to woo Big Tech companies is working

India is now like a magnet, enticing major electronics manufacturers with new incentives for electronics production. If India's incentive scheme is anything, it is brilliant and attractive – enough to entice tech giants like Google and HP to start producing Chromebooks in the country. Even trillion-dollar corporations like Apple

by Emmanuel Oyedeji Loy Okezie
🇮🇳 India's ingenious plan to woo Big Tech companies is working
Photo by Minku Kang / Unsplash

India is now like a magnet, enticing major electronics manufacturers with new incentives for electronics production.

If India's incentive scheme is anything, it is brilliant and attractive – enough to entice tech giants like Google and HP to start producing Chromebooks in the country.

Even trillion-dollar corporations like Apple are allured by the Indian project – recently achieving the status of the largest exporter of mobile phones in India. And the tech giant's 'Made-in-India' iPhones hit the global market for the first time this September. Even Samsung, Kia, Boeing, Siemens, and Toshiba are not left out of the list of companies courting India right now.

Interestingly, the South Asia country's approach to attracting big manufacturing investments isn't limited to incentives alone. The government has also implemented comprehensive restrictions to control the influx of foreign electronic devices. It's a strategic blend of both persuasion and coercion, convincing these tech giants to take the plunge into the Indian manufacturing landscape.

Around 200 U.S. companies are actively exploring the possibility of shifting their manufacturing bases from China to India, according to the US-India Strategic and Partnership Forum (USISPF).

And with escalating tensions between Washington and Beijing, and major tech players actively shifting production from China, it is not unimaginable that India will seize the title of the world's largest global manufacturing hub, toppling China's longstanding dominance in the years to come.

Have a lovely weekend,

– Emmanuel

💡
Read the rest of the newsletter below and follow the rest of our coverage on Techloy.com to gain more insight into technology in emerging markets and the rest of the world.
🚀
Please forward this newsletter to your friends, family, and colleagues, and follow @techloy across all social media platforms!

The most notable products from Made by Google 2023

Explore the full update from the Google event.

READ MORE
by Emmanuel Oyedeji Loy Okezie

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More