Foxconn Could Make India Its Next Manufacturing Base

Foxconn, the world’s largest contract electronics manufacturer, has signed a $5 billion deal to set up R&D and hi-tech manufacturing facilities in western India within the next five years. The $5 billion pledge is the largest foreign investment into India’s tech manufacturing sector and a boost for thegovernment’s “Make in India” program designed to spur domestic manufacturing. The Taiwan-based firm, which manufactures for a host of global device brands like Apple, BlackBerry, Amazon, Motorola, Xiaomi…

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Govt seeks cabinet’s approval for amendments to GST Bill

The government is ready with amendments to the Constitution (122nd Amendment) Bill on Goods and Service Tax (GST) incorporating the suggestions of a Rajya Sabha select panel, which endorsed most of the clauses in the Bill verbatim and a few with some changes. Sources said the finance ministry will soon seek cabinet approval for making amendments to the Bill, which was passed in the Lok Sabha during the Budget session and is pending in the…

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