Brie of the Scheme |
In order to promote large scale manufacturing in the country, M-SIPS was announced by the Government in July, 2012 to offset disability and attract investments in Electronics System Design and Manufacturing (ESDM) Industries. The scheme provides incentive for investments on capital expenditure- 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs. The Scheme was revised vide notification dated 03-08-2015 which was further amended vide notification dated 30-01-2017. The Scheme was closed to receive new application on 31 December, 2018. |
||||||
Salient features of the scheme |
The Scheme provides:
|
||||||
MSIPS Notifications |
MSIPS notification in 2012 Modified Special Incentive Package Scheme (M-SIPS) was approved in July 2012. Initially, the scheme was opened to receive applications till 26-07-2015. Revision of MSIPS in July, 2015 Under the “Digital India” Programme and the “Make in India” Programme, the scheme attained renewed vigor. Several new domestic and global majors entered into the field of electronics manufacturing in the country and submitted their investment proposals under the scheme. For giving a big boost to electronics manufacturing in the country, the Cabinet in its meeting on 21-07-2015 revised the scheme with following changes. The notification was issued on 03-08-2015.
Further amendments in January, 2017 To expedite the investments in the sector, the scheme was further amended vide notification dated 30-01-2017. Vide these amendments,
|
||||||
Contact Person |
|