Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

(source: https://eracon.info/assets/files/2020/presentations/CP1.pdf)
 

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) provides financial incentive of 25% on capital expenditure for the identified list of electronic goods that comprise downstream value chain of electronic products, i.e., electronic components, semiconductor / display fabrication units, ATMP units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods. The scheme is open to receive applications till 31.03.2023. As on February 28, 2022, the Executive Committee (EC) has approved 23 applications with total project outlay of Rs.6,816 crore and committed incentives of Rs 1,245 crore.

Production Linked Incentive Scheme for Food Processing Industry

 Salient features:

• The first component relates to incentivising manufacturing of four major food product segments viz. Ready to Cook/ Ready to Eat (RTC/ RTE) foods, Processed Fruits & Vegetables, Marine Products, Mozzarella Cheese.
• Innovative/ Organic products of SMEs including Free Range -Eggs, Poultry Meat, Egg Products in these segments are also covered under above component.
• The selected applicant will be required to undertake investment, as quoted in their Application (Subject to the prescribed minimum) in Plant & Machinery in the first two years i.e., in 2021-22 & 2022-23.
• Investment made in 2020-21 also to be counted for meeting the mandated investment.
• Press release: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1708691