• ELECTRONICS
    MeitY to push for more sops to lure electronic makers

    NEW DELHI: The Ministry of Electronics and IT (MeitY) will push the finance ministry to approve additional incentives to attract electronics manufacturers into the country, according to two government officials. The sops include interest subsidy on loans, credit guarantees for plant and machinery and renewal of the Electronic Manufacturing Cluster (EMC) scheme after the earlier one ended […]

  • ELECTRONICS
    More sops needed to boost electronic manufacturing: Top govt official

    NEW DELHI | CHENNAI: India may have to offer electronic manufacturers additional sops such as cheap credit and incentives for export along with infrastructure support in order to boost production and help the sector compete with China, Vietnam and Thailand, according to a top government official. These incentives, over and above the proposed reduction of corporate tax to 15% […]