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India considers $23 billion package to lure global manufacturers
India considers $23 billion package to lure global manufacturers
India is planning to offer incentives worth Rs 1.68 trillion ($23 billion) to attract companies to set up manufacturing in the country, people with knowledge of the matter said. Prime Minister Narendra Modi’s government will offer production-linked incentives to automobile manufacturers, solar panel makers, and specialty steel to consumer appliance companies, according to documents reviewed by Bloomberg News.
India is planning to offer incentives worth Rs 1.68 trillion ($23 billion) to attract companies to set up manufacturing in the country, people with knowledge of the matter said. Prime Minister Narendra Modi’s government will offer production-linked incentives to automobile manufacturers, solar panel makers, and specialty steel to consumer appliance companies, according to documents reviewed by Bloomberg News.