The phrase "a setback for its" is correct and usable in written English.
It can be used when discussing a negative event or situation that hinders progress or success for a particular entity, such as a company or organization.
Example: "The recent financial losses represent a significant setback for its growth plans."
Alternatives: "a blow to its" or "a hindrance to its".
It was also a setback for its plan to deliver web connectivity to remote areas of the world through its Internet.org access initiative.
France, which has 58 nuclear reactors, seems to see the disaster in Japan as an opportunity rather than a setback for its nuclear industry.
Russia's natural gas monopoly Gazprom appears to have lost the battle to regain control over a Siberian gas field in a setback for its new chief executive.
Among the factors the company cited: the decision by the Safeway grocery chain to shift its advertising emphasis in northern California to direct mail (a setback for its San Jose Mercury News) and the closing of some Kmart and Winn-Dixie stores in North Texas (a setback for its Fort Worth Star-Telegram).
Last November, Clinton was the first Secretary of State to visit Burma since John Foster Dulles, in 1955 — and the occasion was perceived in Beijing as a setback for its efforts to consolidate power in Asia.
Apple later released a software update that removed the Java plug-in from internet browsers on its machines - a setback for its developer, Oracle.
Nor do Muslims now feel so worried by the rise of the Bharatiya Janata Party (BJP), the main national opposition and Mr Kumar's partner, with its Hindu-nationalist ideology.This is undoubtedly a setback for Congress and its ruling coalition, and a boost for the BJP.
It also includes stories on intellectual property in Brazil, a setback for Argentina in its legal battle with hold-out creditors and media freedom in Cuba.
In Rajasthan, where the state government is generally held to have coped well with a five-year drought that only ended with this summer's monsoon, the BJP also won comfortably, as in Chhattisgarh.The BJP's best-ever performance in these three states in India's Hindi-speaking belt, where most general elections are decided, is a setback for Congress and its Italian-born leader, Sonia Gandhi.
Despite a setback for many of its key components, the Dow Jones Industrial Average held up with a marginal gain of 0.4% around midday, rescued by a mild recovery among financial stocks.
Poor performance of anode electrode in MFC is still a major setback for its practical applications.
