With nearly half of the subsidy, it is reported that India has approved Meguiar's $2.7 billion closed test plant project.

Thanks to CTOnews.com netizen Xiao Zhan for the clue delivery! CTOnews.com, June 21, according to Reuters, before Prime Minister Narendra Modi's visit to the United States, the Indian government had approved Micron Technology's $2.7 billion (currently about 19.386 billion yuan) plan to build a closed test plant.

The Micron plant, located in Modi's home state of Gujarat, will receive a production subsidy worth $1.34 billion (CTOnews.com Note: currently about 9.621 billion yuan), and the plan to build the plant will be officially announced during Modi's visit to the United States, CTOnews.com reported, citing Reuters.

A spokesman for Micron and the Indian government's Ministry of Science and Technology and other relevant departments did not respond to the Reuters verification.

Modi begins his visit to the United States on Tuesday (20th). He will meet with FedEx, MasterCard and other US business leaders, and will attend a state dinner at the White House on the 22nd.