India pledges $20 billion to boost chips and smartphones as Modi pushes for an Indian mobile brand

India has announced nearly $20 billion in incentives to boost domestic semiconductor and smartphone manufacturing, including $13.3 billion for chip-related activities and $6.5 billion for mobile phone production. The initiative aims to foster an Indian mobile brand to compete with Chinese dominance and builds on previous efforts to develop local chip production capabilities. This move is part of a broader strategy to enhance technological self-reliance amid global supply chain challenges.