Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-12-29

Government clears investment proposal of Rs 6,000 crore in electronics manufacturing

in the last six months, DeitY received firm proposals of about Rs 18,000 crore.

Government has cleared investment proposal of Rs 6,000 crore in the last six months under the aegis of scheme of electronic manufacturing, as cited by PTI.

"In last six months, we received firm proposals of about Rs 18,000 crore and most of them were with financial closures. Till date, proposals of about Rs 6,000 crore have been approved," a Department official of Electronics and Information Technology told the news agency.

“Last year, only companies who were present in India came up with proposals to expand their facilities, but in the past six months, proposals came from both existing and new firms,” the official said.

Nidec, Continental, Motherson Sumi, Calsonic Kansei, Tissol, Tata SED, Tejas, Panasonic, etc are some of the companies came forward with their investment plan.

"About 25-30 new companies across various segments have come up with investment proposals. Now people across geographies are sure about the electronics manufacturing push of Indian government. Reimbursement of MSIPS benefit has further boosted confidence," noted the official.

The report stated that under Modified Special Incentive Package (MSIPS), government provides subsidy for investments in capital expenditure with a limit of 20 per cent for investments in Special Economic Zone (SEZ) and 25 per cent in non-SEZs.

“Investment has come from most of the electronics segments like electronic components, telecom network equipments, LED, consumer electronics, automotive and strategic electronics,” added the official.

Related opportunities
  • Pizzeria
    Own the American Dream In India with U.S.PizzaAs an international..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • After School Activities
    iROBOKID ; an educational organization specializing in Practical Science (STEM),..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • IT Education
    About:Compufield is one of the oldest computer training institutes in..
    Locations looking for expansion Maharashtra
    Establishment year 1985
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Laziz set to open 100 stores across India in 2017 LAZIZ ..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 300-500 Sq Ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolhapur Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities