India approves $360 million in investments in IT hardware sector

The Indian government has approved investments worth 30 billion Indian rupees ($360.4 million) in the IT hardware sector under its flagship manufacturing incentives scheme. Applications from 27 companies have been approved, information technology minister Ashwini Vaishnaw said on Saturday. A total of 40 applications had been submitted. Dell, Hewlett Packard, Foxconn unit Rising Star and Flextronics are among those granted approval, according to a government release.

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