not true. PCBs are the only thing being manufactured currently in all these assembly sweatshops, using imported machines. The actual materials of the PCBs are of course imported, but the soldering, etching etc all takes place. What india actually needs is dozens of large scale PCB companies making them at scale across the country. Even today it is cheaper and faster to fabricate your custom PCBs from China (jlcpcb etc) than local companies.
View: https://x.com/TiwariRishik/status/1838879794563592389