Government of India has launched Modified Special Incentive Proposal Scheme (M-SIPS) for which of the following sectors?
Government of India has launched Modified Special Incentive Proposal Scheme (M-SIPS) for which of the following sectors?
[A]Textile sector
[B]Electronic sector
[C]Automobile sector
[D]Agriculture sector
Electronic sector
The Government of India launched the Modified Special Incentive Proposal Scheme (M-SIPS) to promote expansion of manufacturing, diversification and modernization in the Electronic System Design and Manufacturing (ESDM) sector. The scheme has a provision of providing 20% subsidy for investments in capital expenditure within SEZs and 25% in non-SEZs.