Question
Japan’s Mitsubishi Electric Corporation has signed an
agreement with which state government to set up a Rs 1,895-crore unit, marking a rare instance of 100 per cent foreign direct investment (FDI) in electronic equipment manufacturing in India?Solution
Japan’s Mitsubishi Electric Corporation has signed an agreement with Tamil Nadu to set up a Rs 1,895-crore unit, marking a rare instance of 100 per cent foreign direct investment (FDI) in electronic equipment manufacturing in India. The unit will manufacture room ACs and compressors and provide jobs to more than 2,000 people.
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