BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank

Modified Special Incentive Package Scheme (M-SIPS)

  May 15, 2017

Modified Special Incentive Package Scheme (M-SIPS)

Background
The main features of M-SIPS are as follows:
The Union Cabinet has given its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivize investments in Electronic Sector and moving towards the goal of ‘Net Zero imports’ in electronics by 2020.

Benefits: Besides expediting investments into the Electronics System Design and Manufacturing (ESDM) sector in India, the amendments in M-SIPS are expected to create employment opportunities and reduce dependence on imports.

The salient features of the amendment are: