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Foxconn wants a bigger cut of India's production incentive subsidies
Apple's iPhone assembly partner Foxconn has asked the Indian government for larger payments from a manufacturing fund, because other companies failed to meet standards.Production in a Foxconn facility - Image Credit: FoxconnApple's increased production of iPhones in India was aided by the introduction of production-linked incentive schemes (PLI), promising funds to companies manufacturing in the country. Foxconn now wants a bigger cut of the subsidy pie.Foxconn and Dixon Technologies India are requesting for the Indian government to bump up their subsidies under PLI schemes. The companies have already received approval for payments for reaching production targets, but they want more, reports Bloomberg. Continue Reading on AppleInsider | Discuss on our Forums
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