Special scheme for manufacturing gets Rs 13,000 cr proposals

Special scheme for manufacturing gets Rs 13,000 cr proposals 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..

Source: http://businesstoday.intoday.in/
By Goutam Das 


Tagged as: , , , , , , , , , , , , , , , ,

Categorised in: Manufacturing, Sector News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: