TOKYO -- India will provide subsidies to 16 manufacturers of mobile phones and electronic parts, including Hon Hai Precision Industry and Samsung Electronics, to expand production in the country.
The government anticipates that output will rise by a total of 10.5 trillion rupees ($143 billion) over the next five years, with just over 60% bound for export.The number of jobs directly created by the companies will top 200,000 over that period, New Delhi says.
