View: Foxconn’s change of heart on chips is a warning to India

Foxconn’s reasons for not proceeding with this particular project were vague, and the company insists that it remains committed to manufacturing in India and to finding a partner possessing the advanced know-how required for such a complex undertaking. Yet, what’s clear is that manufacturers and investors want not just financial incentives that are in the same ballpark as those offered elsewhere, but also policy stability and trust.

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