The Modified Special Incentive Package Scheme (M-SIPS) was launched to promote which sector?
The Modified Special Incentive Package Scheme (M-SIPS) was launched to promote which sector?
[A]Automobiles
[B]Textile
[C]Electronics
[D]Ship Building
Electronics
The Modified Special Incentive Package Scheme (M-SIPS) was launched to promote large-scale manufacturing, to offset disability and to attract domestic and global investments into the Electronic System Design and Manufacturing (ESDM) sector in India. The scheme is available for both new projects and expansion projects. The scheme provides subsidy for investments in capital expenditure – 20% for investments in SEZs and 25% in non-SEZs. Reference