Questions about 80 thousand crores subsidy to Vedanta-Foxcon, economists asked – are these not electoral reveries! NewsPipa



This decision of the central government is strongly criticised. Many have compared it with Rewari culture. Swaminathan S Ankleshwar Iyer, in his latest article published in The Economic Times, wrote, “Vedanta Silicon Fabrication Plant to be set up in Gujarat will get 50 per cent subsidy totaling Rs 80,000 crore. This amount is more than the total allocation of the central government that will be provided under MNREGA.

The government said on Wednesday that the companies have been revised to 50 percent of the total cost of the earlier financial assistance scheme. Earlier also this assistance was only 50 percent, but its maximum limit was Tk 12000 crore. But now this limit has been removed from it.


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