Andhra Pradesh cleared a $600M incentive plan to boost electronics component manufacturing and attract global tech investments.

• Firms get a 75% land discount, a six-year electricity tax waiver, and a 50% capital subsidy for eligible investments.
• Complements India's $2.62B federal push to reduce China dependence and boost local electronics production.
• India targets $500B electronics output by FY30, with $150B from components; Syrma SGS has applied for benefits.