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This growth is in spite of the ongoing chip shortage, and three of the global manufacturers met the PLI production targets in FY22
The tariff is now likely to be levied from April 2020 if the Indian finance ministry accepts the Ministry of Electronics and Information Technology's (MEITY) proposal on the matter
In 2016-17, total value of mobile phones to be produced in India is likely to reach Rs 90,000 cr
Bank guarantees of as much as Rs 29,000 crore have been furnished by companies
