The government has approved Rs 357.17 crore for Apple's vendor Foxconn India and Rs 58.29 crore for Dixon Technologies subsidiary Padget Electronics under the Production-Linked Incentive scheme for mobile phones.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/apVPuqf
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It sounds like the government of India has approved a financial award for Foxconn, a Taiwanese electronics manufacturer, under a Production-Linked Incentive (PLI) scheme for the production of mobile devices. PLI schemes are designed to encourage domestic production and increase competitiveness in targeted sectors by providing financial incentives to companies that meet certain performance criteria. The specific details of the award and the criteria that Foxconn must meet to receive it are not provided in the information you have given. It is also not clear when this approval was granted or what the exact terms of the award are. Without more context, it is difficult to provide a more detailed analysis or explanation.
