Foxconn awaiting Rs 1,000 cr GST refund

Foxconn , the world’s largest contract manufacturer, has flagged its concerns to the government over delays in refunds of about Rs 1,000 crore under the goods and services tax regime, saying one of its key India units has been left cash-starved and this could hurt plans to deepen local production of electronics. “An inverted duty structure has created working capital issues as some states are ling…