Can it prove as transformative for the country’s economy as SEZs did for China?

January 5, 2023

On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector.

According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive an incentive for its manufacturing between August 1, 2021 to March 31, 2022.…

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