India sees $16.8-bn electronic manufacturing proposals - Feedback

India has witnessed a six-fold jump in proposed investments in local electronic manufacturing to Rs 1.14 lakh crore ($16.8 billion) as global firms such as Samsung, LG and Foxconn set up factories in the country, among the world’s largest markets for smartphones and set top boxes.

The government has received 156 proposals with investment commitment of Rs 1.14 lakh crore in the last 20 months, said India Electronics and Semiconductor Association (IESA), the grouping that promotes local manufacture of computer hardware and electronic items. “Many major well-known global brands are a part of this proposal,” said MN Vidyashankar, president of the IESA. He declined to elaborate on specific investments citing confidentiality.

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