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Japan adds India and Bangladesh to 'China exit' subsidy destinations

Industry ministry launches second round of program to diversify supply chains

Workers assemble air conditioners for Japan's Daikin Industries at a plant in Neemrana, India.   © Reuters

TOKYO -- Japanese manufacturers will now be eligible for subsidies if they shift production out of China to India or Bangladesh, in an expansion of a government program aimed at diversifying the country's supply chains.

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