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India government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.💔😭
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Hours after US president Donald Trump said he doesn’t want Apple to manufacture in India, the iPhone maker has reassured the Indian government that the country would continue to remain its manufacturing hub. Citing government sources, PTI said Apple
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Whenever the government plans to develop an area, it allocates funds and assigns the work to local politicians. However, the problem often lies in corruption—local leaders may misuse the funds, deliver substandard work, or pocket the money entirely.
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