The Centre plans to attract global manufacturing giants such as Tesla and over 300 others like it by simplifying and incentivising their entry into India.
The proposal which is still under final phase of planning and streamlining is meant to spur investment growth in India, especially in the area of manufacturing to create jobs, sources told IANS.
Both the central and state governments have discussed the plan with other stakeholders.
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The plan was conceived at a meeting called by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry and Invest India with stakeholders and state governments here in the early part of November.
Source: The Outlook
