Foxconn, Dixon Seek Subsidies Under Unallocated Production Incentives

Apple Inc. supplier Foxconn Technology Group and Dixon Technologies India Ltd. have sought ₹6 billion and ₹1 billion, respectively, in subsidies they are entitled to under the Union government’s production incentives program. The Union government pledged a total of ₹410 billion ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated since companies didn’t meet estimated production targets. Foxconn and Dixon argue that according to the program rules, they are eligible for some of the unallocated funds, The Economic Times reports. The government is reviewing the two requests.