India electronics manufacturing has surged over the past five years, turning the country into the world’s second largest smartphone producer. Behind that headline is a repeatable playbook that has pulled major foreign suppliers in, locked them into local supply chains, and then transferred their hard won capacity to domestic owners. Quick answer India has become the world’s second largest smartphone manufacturer by leaning on foreign investors, then steering those same companies into a position where leaving is punishingly expensive. The playbook runs through incentive schemes, rising localization demands, and eventual local buyouts of mature plants. Foreign firms should treat any multi year manufacturing commitment as a decision with real exit…