The government has received 25 proposals for manufacturing in the electronic sector under the Modified Special Incentives Package Scheme (MSIPS) worth Rs 13,000 crore. Besides domestic companies, investment proposals have also come from Japanese, American, Korean and German companies, Ajay Kumar, Joint Secretary with the Department of Electronics and Information Technology said on Monday.
“We are finding interest in the manufacturing of automotive electronics, LEDs, consumer electronicslike television, tablets and other electronic manufacturing services activities,” he said, on the sidelines of the launch of two reports on the Indian electronic manufacturing sector by lobby body India Electronics and Semiconductor Association (IESA).
MSIPS, an investment based scheme, was notified in July 2012 and involves capex subsidies, reimbursement of excise on capital equipment and reimbursement of central taxes and duties in select sectors such as semiconductor manufacturing. Read More..
By Goutam Das