Foxconn and Dixon Urge India for Pending Subsidies Worth Billions

Foxconn Technology Group and Dixon Technologies are pressing the Indian government to release pending production subsidies, potentially amounting to ₹6 billion for Foxconn and ₹1 billion for Dixon. Both companies seek these funds under the government's Production-Linked Incentive (PLI) scheme, which aims to boost domestic manufacturing. The subsidies are critical for their ongoing projects and future investments in India, particularly as they expand their operations in response to increasing demand.

Source: Bloomberg News