NEW DELHI, Nov 22 (Reuters) - India will offer up to $5

billion in incentives to companies to make components locally

for gadgets from mobiles to laptops, two government officials

said, in a bid to bolster the burgeoning industry and wean off

supplies from China.

India's electronic production has more than doubled in the

last six years to $115 billion in 2024, led by growth in mobile

manufacturing by global firms such as Apple ( AAPL ) and Samsung

. It is now the world's fourth-largest smart phone

supplier.

But the sector faces criticism for its heavy reliance on

imported components from countries such as China.

"The new scheme will incentivise production of key

components like printed circuit boards that will improve

domestic value addition and deepen local supply chains for a

range of electronics," one of the two officials said.

The incentives are likely to be offered under a new scheme

expected to be launched in two to three months, said the

officials, who asked not to be identified as details of the

scheme are not yet public.

The scheme is likely to offer incentives totalling between

$4-$5 billion to global or local firms which qualify.

The plan, designed by the India's electronics ministry, has

identified components eligible for incentives and is in its

final stages.

The finance ministry will approve the scheme's final

allocation soon, the first official added, with the sources

expecting it to be launched in the next 2-3 months.

India's electronics ministry and finance ministry did not

immediately respond to requests for comment.

India is aiming to expand its electronics manufacturing to

$500 billion by the fiscal year 2030, including production of

components worth $150 billion, according to the government's top

policy think tank Niti Aayog.

India imported electronics, telecoms gear, and electrical

products worth $89.8 billion in the fiscal year 2024, with more

than half sourced from China and Hong Kong, according to an

analysis by private think tank GTRI.

"This scheme is coming at a time when it is critical to

promote component manufacturing that will help us aim for a

global-scale of electronics production," Pankaj Mohindroo, head

of India's Cellular and Electronics Association, said.

($1 = 84.4880 Indian rupees)

(Additional reporting by Sarita Chaganti Singh in New Delhi;

Editing by Kim Coghill)