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Three Schemes For Electronics Manufacturing In India
- 06 May 2020
- The Union Cabinet has approved three schemes to boost large-scale electronics manufacturing in India.
- Electronics Manufacturing Clusters (EMC2.0) Scheme: To create world class infrastructure along with common facilities and amenities through setting up of Electronics Manufacturing Clusters (EMCs) and Common Facility Centers (CFCs).
- Scheme for Promotion of manufacturing of Electronic Components and Semiconductors (SPECS): To offer financial incentive of 25% of capital expenditure for the manufacturing of goods that constitute the supply chain of an electronic product.
- Production Incentive Scheme (PLI) for Large Scale Electronics Manufacturing: To attract large investments in mobile phone manufacturing and specified electronic components, including assembly, testing, marking and packaging (ATMP) units.
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