India is making major strides towards incentivizing and expanding local production of major manufacturers like Apple and Samsung. The empowered committee of secretaries - the governing body for the country's Production Linked Incentive Scheme (PLI) program met on Friday and decided to remove and alter a few important clauses. This has been done as a deliberate effort to attract more US investment, mainly by making India more attractive as a partner in the so-called "China plus one strategy". Simply put, the changing and constantly-developing economic climate in China has been...
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