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India approved 12 new electronics component projects under the Electronics Components Manufacturing Scheme, with a projected investment of ₹7,503 crore, expected to create 7,127 direct jobs.
Modern Automotives has received an order from BMW to supply 2.5 million differential pinion shafts valued at approximately ₹150 crore by 2034, becoming the first Indian firm to export parts for BMW's EV powertrain.