Manufacturing | Page 2

The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing

In a nutshell, the survey supports views that Asia's third-largest economy is better placed than many to weather the impact of a potential global downturn

According to the report, the aim of the initiative is to promote India as a hardware manufacturing nation

The survey further revealed that after experiencing revival of Indian economy in the FY 2021-22, momentum of growth has continued for the subsequent quarters of FY 2022-23 with some temporary effect of global slowdown on Indian manufacturing