The Indian government on Dec. 15 approved a 760 billion rupee ($10 billion) incentive scheme for the development of semiconductors and display manufacturing ecosystems, with the goal of positioning India as a global electronics manufacturing hub. “The program will usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design,” the government said in a statement. India earlier approved incentive support worth 570 billion rupees ($7.5 billion) for large-scale electronics manufacturing and a 988 billion rupee ($13 billion) incentive scheme for allied sectors in manufacturing such as advanced batteries, auto components, telecom, and networking products. Taking into account the government’s recent incentive approval, India has allocated a total of 2 trillion rupees ($30 billion) for electronics manufacturing. “The program will promote higher domestic value addition in electronics manufacturing and will contribute significantly to achieving a …