Foxconn, Dixon seek unallocated Indian subsidies

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Foxconn, Dixon seek unallocated Indian subsidies

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Foxconn and Dixon Technologies India Ltd. have applied for subsidies under India’s 410 billion rupees (around US$4.8 billion) production-linked incentive (PLI) program, aiming for unallocated funds.

Foxconn is seeking 6 billion rupees (around US$72 million), while Dixon Technologies has requested 1 billion rupees (around US$12 million).

The Indian government is currently reviewing these requests, but no comments have been made by the involved parties or India’s technology ministry.

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