PM Narendra Modi’s visit to the US has triggered investment announcements from major companies. Semiconductor toolmaker applied materials has set its sights on India, announcing a jaw-dropping investment of $400 million in the country's engineering sector. This decision follows a high-profile meeting between Indian Prime Minister Narendra Modi and applied materials' CEO, Gary Dickerson.

Applied materials invests $400 mn in India's engineering future

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Applied materials invests $400 mn in India's engineering future