SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 22

development of R & D etc. for both hardware and related

d.

To promote development of e-waste recycling

software to meet the demand of telecom equipment

industry for domestically produced e-waste.

and mobile handset devices.

e.

To create a specific thrust within Electronic

8.9

Railways: To create an eco-system for manufacture of

Development Fund for the development of IPR and

Railway related electronics for application in Signaling,

electronics products in green technologies.

Telecommunications and rolling stock. To set up three

10. Governance Structures

centre of excellence one each for Railway Signaling

System, Railway Telecom and Rolling Stock Electronics.

10.1

To set up a National Electronics Mission with industry participation to evolve programmes in pursuit of the

8.10

Games and Toys: To encourage electronic games and

laid down policies and also to create Institutional

toys development and manufacturing for tapping the

mechanisms to advance the implementation of various

domestic and export markets.

programmes aimed at achieving the objectives

9. Handling e-waste

enumerated in this policy and to promote India as an

9.1

To facilitate environment friendly e-waste handling

Electronics Hardware Manufacturing Hub and suitably

policies

market " Brand India " in Electronics.

a.

To create a mechanism with industry to streamline

10.2

The Department of Information Technology to be

the implementation of e-waste( Management and

renamed as Department of Electronics and Information

Handling) Rules, 2011 including restrictions on

Technology( Deity).

usage of hazardous substances as per global best-

10.3

States would be encouraged to actively promote the

practices.

development of ESDM sector.

b.

To help streamline procedures to prevent e-waste

11. Funding

dumping in the country.

11.1

Funds would also be mobilized from the private

c.

To facilitate implementation of Extended Producers

sector / banks / financial institutions and other private

Responsibility under the e-waste( Management and

equity organizations for leveraging the contribution of

Handling) Rules, 2011 for electronic hardware

the Government to the Electronic Development Fund.

manufacturers as well as recyclers.

To offset disability and attract investments in Electronic

investments made in a project within a period of 10 years

manufacturing, Modified Special Incentive Package Scheme

from the date of application

( M-SIPS) was notified on 27.7.2012.

The M-SIPS require applicants to submit applications with

The scheme is available for both new projects and expansion

Financial Closure( tied up funds) for the project they propose to

projects. The scheme provides capital subsidy of 20 % in SEZ

execute. The Financial Closure for a project, however, can be

( 25 % in non-SEZ) for units engaged in electronics

given in phases.

manufacturing. It also provides for reimbursements of CVD /

As per para 6.1 of M-SIPS notification, to consider the

excise for capital equipment for the non-SEZ units. For some

applications under the scheme and to submit it’ s

of the high capital investment projects like fabs, it provides for

recommendations, an Appraisal Committee headed by

reimbursement of Central Taxes and Duties. The incentives are

Additional Secretary, DeitY have been constituted.

provided on reimbursement basis. The incentives were available for 29 electronic verticals. Units all across the manufacturing value chain are covered under the scheme. For each of the product category, an investment threshold is prescribed which an applicant has to incur for getting eligible for incentives. The investment threshold varies from Rs 1 Crore to Rs 5000 Crores depending upon a type of project. The incentives are available for 10 years from the date of approval.

The scheme was initially opened for 3 years till 26-07-2015.

The scheme was amended on August 3, 2015. The salient amendments include

The non- refundable application fee which is required to be submitted along with the application form has been separately notified. It varies from Rs 10,000 /- for projects costing less than 10 crores to Rs 1,00,000 /- for projects costing 10,000 crores and above.

M-SIPS scheme is presently open to receive applications. All

Initial applications which will be received by DeitY on or before

26-07-2020 will be considered for incentives under M-SIPS.

The Nodal Officer is the key contact for all communications relating to M-SIPS. Nodal Officer( M-SIPS) has been appointed.

( I) The term of the scheme has been extended upto 27-07-

2020.

All applications under M-SIPS are required to be submitted online at www. msips. in. Any further communication with

( ii) The scope of the scheme has been extended to cover

regard to the application can be addressed to Nodal Officer

additional verticals.

( M-SIPS), Department of Electronics and IT, Electronics

( iii) The procedure for grant of approval has been simplified

Niketan, Lodhi Road, New Delhi-110003.

and streamlined. The incentives are now available for