Maximizing Your Gains with Exim Consultants: Harnessing Government Incentives for Electronic Components Manufacturing
Unlocking the potential of your organization requires strategic utilization of government initiatives tailored to your needs. Exim Consultants, leaders in consultancy services, specialize in navigating and harnessing the benefits offered by recent governmental policies, empowering your organization to thrive in the electronic components manufacturing sector.
Recent policies have paved the way for unprecedented opportunities, including:
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS): India's journey towards self-reliance in electronic component manufacturing receives a significant boost through the SPECS initiative. This scheme offers a substantial financial incentive, amounting to 25% of capital expenditure, for the manufacturing of specified goods. Eligible expenditures encompass crucial areas such as plant infrastructure, machinery, research and development, technology transfer, and refurbished equipment. Notably, expenditures related to land and building are not included in the incentive criteria. With the application window open for three years from April 1, 2020, now is the opportune time to seize these benefits.
Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing: India's prominence in the global electronics supply chain continues to ascend, and the PLI scheme reinforces this trajectory. Designed to foster a conducive environment for manufacturing, the PLI scheme offers an incentive ranging from 4% to 6% on incremental sales over the base year (F/Y 2019-20) for a period of five years. This incentive is extended to eligible companies operating within target segments, amplifying their competitiveness and growth potential.
Our comprehensive consultancy services encompass advising, preparation, submission, and acquisition of benefits from the concerned departments, ensuring that your organization optimally leverages these initiatives. By partnering with Exim Consultants, you gain access to expert guidance tailored to your unique requirements, thereby maximizing your gains and positioning your organization for sustained success in the dynamic landscape of electronic components manufacturing.
