- Foxconn plans to apply for incentives under India’s ‘Modified Programme for Semiconductors and Display Fab Ecosystem’ after withdrawing from a $19.5 billion joint venture with Vedanta.
- Despite the exit being a potential setback to India’s semiconductor manufacturing goals, Foxconn is committed to the ‘Make in India’ initiative.
- Indian ministers maintain that Foxconn’s withdrawal is not a setback to India’s semiconductor mission and the ‘Make in India’ program.
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