India, Dec. 14 -- For years, India's Internet of Things (IoT) deployments relied heavily on imported components and modules. Companies assembled devices locally but sourced critical parts, sensors, passive components, wireless modules, and silicon from suppliers in China, Taiwan, and other countries.

That model delivered rapid adoption but left the country exposed to supply chain shocks, currency swings, and margin pressure. Today, a confluence of policy moves, capital allocation, and industry shifts is changing that calculus and nudging IoT hardware toward more indigenous solutions.

On the demand side-which is already large and growing fast-market estimates show that India's IoT devices market generated about USD 2.89 billion in revenu...