Summary
A new plan will give money to factories for five years.
Indian phone brands will get extra support for design and research.
Key Points
4 points1
The government set aside about sixty‑two thousand five hundred crore rupees for the plan.
2
Large factories can receive incentives ranging from 2.25% to 5% of their costs.
3
Indian brands can get a 5% incentive plus extra help for design work.
4
The scheme aims to create around 60,000 direct jobs in the electronics sector.
New Words to Learn
4 wordsincentive
a reward or extra money to encourage people to do something.
domestic
something made inside the country.
intellectual property
legal rights for ideas, designs, and inventions.
localisation
using parts that are made in the country.
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