Three Schemes For Electronics Manufacturing In India

• 10 Apr 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.