However, there was uncertainty in the industry on whether the differential — around 10% benefits for local manufacturing — would be maintained in the GST era. "The company will also invest for lithium-ion cell factory and facilities for printed circuit boards (PCB) which are used in manufacture of devices. "Foxconn has a sizeable capacity in India and can produce up to four million devices per month. "Elaborating on export plans, he said that talks are on with the commerce ministry to ensure that making in India for the world is hassle-free. India can be a large manufacturing base, just as China."

Source: Times of India July 04, 2017 01:02 UTC