Friday, August 14, 2015

Cabinet extends capital subsidy for Electronics manufacturing

The government has extended the Capital Subsidy Scheme for electronics manufacturing firms by
another five years to help the nascent industry to scale up domestic manufacturing to reduce
dependence on imports. The scheme, implemented in July 2012 for a period of three
years, provides capital subsidy of 20% in Special Economic Zones (SEZ) and 25% in non-SEZ units
engaged in electronics manufacturing. The cabinet also expanded the scope of the scheme to benefit 15 new product categories.

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