#TAX INCENTIVES #BUSINESS GROWTH!
Tesla Inc. and GlaxoSmithKline Plc are few of the companies that are incentivized to set up factories in India in the midst of trade war between China and the U.S
Power, water and road look to get prominence to select manufacturers along with Acquisition of Land to enable the new setups as per Make in India Push, as per DIPP.
Other companies that officials will reach out to include
- Eli Lilly & Co.
- South Korea’s Hanwha Chemical Corp., and
- Taiwan’s Hon Hai Precision Industry Co.
Conservative Land and Labour Laws have often been a point of discussion for MNC looking to invest in New India with its recent accommodative stance.
Other countries being in competition are Vietnam and Malaysia, already acquired a major share in this