Saturday, December 20, 2014: Ravi Shankar Prasad, minister for communication and information technology, has encouraged the states to avail benefit of the Electronics Manufacturing Clusters (EMC) Scheme, which is designed to provide financial assistance for developing world-class infrastructure for electronics manufacturing industry.
During the Lok Sabha session yesterday, he called upon the states while explaining them about the Modified Special Incentive Package Scheme (M-SIPS), which facilitates financial incentives to offset disability and also to attract investment for manufacturing of electronics products, including telecom.
The minister then also noted about the infrastructure which has been developed for electronics manufacturing units in the country. He also added about the two semiconductor wafer fabrication (FAB) set up that has been approved by the government, for developing necessary infrastructure for design and manufacturing of telecom equipments.
He, further, highlighted about the benefits designed under the Focus Product Scheme of the Foreign Trade Policy to promote the domestic market of electronics products, telecom and others.
