India introduces a $2B program to boost local IT hardware production

India wants to be a bigger player in the global hardware manufacturing industry, and it sees a route to boosting local economies while doing so. Now, it’s putting some money where its mouth is. The country has announced a $2 billion program designed to promote and incentivize local businesses building hardware like laptops, PCs, servers and related edge computing kit.
On Wednesday, India’s IT minister Ashwini Vaishnaw announced that the Union Cabinet approved the new scheme for with a budgetary outlay of over $2.06 billion (17,000 crores Indian rupees). The initiative, which is cal

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