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Coming Soon: A Rs 45,000 crore fund to push electronics manufacturing |


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New Delhi: The Centre is readying a Rs 45,000-crore fund in an aggressive push to ensure big firms such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron, bring their global supply chains to India and make the country an electronics manufacturing hub in the next five years.
“An inter-ministerial note (on this) has been floated,” a senior government official told ET.

Out of the Rs 45,000-crore fund, about Rs 41,000 crore would be disbursed to companies based on production-linked incentive (PLI) criteria, while the remaining Rs 4,000 crore would be offered under a proposed capital subsidy, or reimbursement, scheme. The proposed scheme will replace the popular Modified Special Incentive Package Scheme (M-SIPS).
“The government expects the PLI scheme to generate over 200,000 jobs, exports of over Rs 5 lakh crore and direct tax revenue of close to Rs 5,000 crore over five years,” the official said.


 

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6 minutes ago, aakathaai789 said:

45k cr push chesi malla andhulo 4k cr incentives isthe eellu 5 years lo iche revenue 5k cr aa idhi endha saata 

Kothaga ee "Modified Special Incentive Package Scheme (M-SIPS)" tisukosthundi center, aa vidam ga industries or companies setup chesthunaru, appatlo arun jaitley cheppina special packages kuda ede, dantlo ne AP ni kuda include chesthamu ani annaru appatlo, edukante special status anedi anni states ki peekesaru, only hilly stations unna states ke special status allocate chesaru

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