The Union Cabinet on Wednesday approved the second phase of the Production Linked Incentive or PLI scheme for IT hardware, in order to accelerate domestic manufacturing of hi-tech electronics, building on efforts that catapulted India to become the second-largest mobile phone manufacturer in the world. “This scheme will boost employment, strengthen our eco-system for innovation and lead to greater investments.” …
India is eyeing Bangladesh as a market for a range of military hardware, from specialist vehicles to helicopters, and maintenance of Russian origin equipment following the operationalisation of a $500 million line of credit for defence purchases, people familiar with the matter said. While India offered the $500 million line of credit for defence purchases to Bangladesh in 2019, it …
