GOVT. READY TO INVEST 100 CR IN ELECTRONICS MANUFACTURING
COMPANIES IN INDIA.
The Department of Electronics and Information Technology
(DEITY) invest for 15-20% stake in each company that will be part of the
project. The rest will come from Venture Capitalists. India now imports more
than 90% of its electronics equipment. A bulging import bill and the near absence of
electronic manufacturing in the country have forced the government to take this
step.
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