India Approves Rs 41,863 Crore Investment for 22 Electronics Manufacturing Projects
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India Approves Rs 41,863 Crore Investment for 22 Electronics Manufacturing Projects

India has approved investments of Rs 41,863 crore for 22 new electronics manufacturing proposals, including from major companies like Foxconn, Samsung, Dixon, and Tata Electronics. These projects, part of the Electronics Component Manufacturing Scheme, are expected to generate over 33,000 jobs and boost local supply chains, reducing import dependence. Notably, five vendors from Apple's ecosystem are among the approved, with some set to export components internationally. The initiative aims to position India as a significant hub in global electronics production.

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