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Growing 'Make in India' Initiatives
The Indian government has been actively promoting domestic manufacturing through various 'Make in India' initiatives and FDI relaxations across sectors such as automotive, electronics, pharmaceuticals, aviation, and defense in the recent past. This is translating into greater demand for high-performance seals as Indian manufacturers seek to locally produce core components & sub-assemblies. With global firms setting up manufacturing bases to cater to the large Indian market as well as export to other countries, local production of sealing solutions is on the rise.
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