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The Indian government has recently approved 29 electronics manufacturing proposals, totaling an investment exceeding 71 billion rupees. The objective is to enhance local production capabilities and reduce dependence on imports. The approved projects span various sectors, including mobile phones, telecom, and automotive, aiming to significantly expand India’s electronics manufacturing capacity. The overarching goal is to achieve a production value of 500 billion dollars by fiscal 2031.
Source: Tech-Economic Times