Key Points
MUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell (DELL.N),.
HP (HPQ.N) and Foxconn (2317.TW) under its $2 billion incentive scheme to manufacture IT hardware domestically...
Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector...
The scheme is key to India's ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026...
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