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 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.