Policy/Modified Special Incentive Package Scheme (M-SIPS)

  • The scheme provides subsidy for investments in capital expenditure - 20% for investments in SEZs and 25% in non-SEZs. It also provides for reimbursement of CVD/excise for capital equipment for the non-SEZ units. For high technology and high capital investment units, like fabs, reimbursement of central taxes and duties is also provided.
  • The incentives are available for investments made in a project within a period of 10 years from the date of approval.
  • The incentives are available for 29 category of ESDM products including telecom, IT hardware, consumer electronics, medical electronics, automotive electronics, solar photovoltaic, LEDs, LCDs, strategic electronics, avionics, industrial electronics, nano-electronics, semiconductor chips and chip components, other electronic components and EMS. Units across the value chain starting from raw materials including assembly, testing, packaging and accessories of this category of products are included. The scheme also provides incentives for relocation of units from abroad.
  • The scheme is open for three years from notification.
  • Approvals for incentives not exceeding Rs. 10,000 crores will be granted during the XII Plan period.


For more details about policy and other govt schemes please log on to www.deity.gov.in


 






 
     
 
 

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