In the long wish list, there are few statements/ intentions that stand out.
- Admission: Replacing M-SIPS scheme with schemes that are easier to implement such as Interest subsidy and Credit default guarantee, etc., in order to encourage new units and expansion of existing units in electronics manufacturing sector.(5.1.4).
- Contradicting: Exempt the import duty on identified capital equipment not being manufactured in the country, to reduce capital expenditure for setting up/ expansion of existing units.(5.1.6). Levy Cess on identified electronic goods to be considered to generate resources for promotion of certain critical sub-sectors of electronics manufacturing such as semiconductor wafer fabrication and display fabrication units.(5.1.9).
- Confusion persists: Promote path-breaking research, grass root level innovations and early stage Start-ups in emerging technology areas such as....having major economic potential, with a special focus on applying the outcomes, including frugal solutions, to solve real-life problems. (5.6.1)
- Daring: ...acquire & pool, Core and Peripheral IPs and make them available to the Industry (5.6.4). Promote investment in mega facilities abroad, such as an existing FAB facility, including support for setting up of R&D units abroad, where eco-system exists for a particular technology.(5.15).