Comments
The government has extended the modified special incentive package scheme (MSIPS) — an inducement programme providing capital subsidy to units engaged in electronics manufacturing — for a period of five years, beyond July 26, 2015.
The scheme, which will now be available till 2020, has also been expanded to cover 15 new product categories, including refrigerators and microwaves, electronic product design, optical fibres, raw materials for electronic products, capital equipment for electronics manufacturing, smart cards and liquid crystal modules.
The decision was taken by the Union Cabinet on Tuesday in a bid to promote manufacturing of electronics in the country, an official release said.
The MSIP scheme provides a capital subsidy of 20 per cent to electronics manufacturing units located in Special Economic Zones and 25 per cent to units outside the zones.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.