The main objective of ‘Modified Special Incentive Package Scheme (MSIPS)’, is to strengthen supply chain and local value addition, which can be done only through extensive participation of MSME sector, says Electronic Industries Association of India (ELCINA)
By Sai Nikesh D
In a move to boost electronic products manufacturing in India, Government of India has extended the ‘Modified Special Incentive Package Scheme’ (MSIPS) by five years, besides including 15 new product categories under the scheme.
A decision in this regard was said to have been taken at a Cabinet meeting to promote ‘Make In India’ and ‘Digital India’ initiatives, chaired by Prime Minister Narendra Modi, on Tuesday.
This articles was published in The Dollar Business on July 22, 2015