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India approves $4.6bn in electronics component projects
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India approves $4.6bn in electronics component projects
News Recipients include major global players like Samsung, Tata Electronics, and Foxconn On Friday, the Indian government announced the approval of projects worth 418.63 billion rupees ($4.64 billion) as part of the Electronics Component Manufacturing Scheme (ECMS), an initiative aimed at expanding domestic manufacturing and reducing reliance on imports. Companies set to benefit from subsidies include major tech players like Samsung Electronics,…
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