India to deploy `17,500 crore to boost local telecom products3 min read . Updated: 17 May 2013, 10:31 AM IST
India to set up three funds to boost local research and manufacturing, cut dependence on imports
New Delhi: India has proposed to set up three funds with a combined corpus of 17,500 crore to boost local research and manufacturing of telecom products as it seeks to cut dependence on imports at a time when the current-account deficit has widened to a record and also to reduce security concerns posed by such imports, particularly from China.
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