The Indian government is likely to consider production-linked incentive applications from auto companies with Chinese investments. This decision comes after President Xi Jinping's recent visit to India and improving relations. Existing applications with foreign direct investment (FDI) approvals will be reviewed for potential benefits. The auto production-linked incentive scheme aims to boost domestic manufacturing and investments significantly. Disbursements under this scheme are expected to increase in the upcoming financial years.
from Auto-Industry-Economic Times https://ift.tt/Ww7f3m6
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