IT Hardware PLI 2.0
Indian Government has launched again a PLI Scheme to incentivize manufacturing of consumer electronics in the country. Salient features of the scheme are as follows:- Total Budgetary Outlay – Rs. 17,000 crore. Tenure – 6 years Target Segments – Laptops, tablets, all-in-one PCs, servers and ultra small form factor devices. Expected incremental investment is Rs. […]
Kerala Industrial Policy 2023
Kerala Government has recently released a New Industrial Policy 2023 for the state. The policy will apply without any expiry. The Industrial policy is based on the 7 Pillars being the basic objective of the scheme which are as under:- 1. Fostering Entrepreneurship 2. Enabling Infrastructure 3. Transition to Hi-Tech 4. Skill Development 5. Supportive […]
Andhra Pradesh releases State Industrial Policy 2023-27
Recently Andhra Pradesh has issued its State Industrial Policy 2023-27 covering the incentives proposed by the state with a mission to build a prosperous state. The policy brings a special incentive for SC/ST Enterpreneur under the YSR Jagananna Badugu Vikasam Scheme. The policy aims for the following:- Economic Growth Port-led development Enhanced Logistical ecosystem Developing […]
SPECS scheme extended by 1 year by MeiTY
MeiTY has recently extended the period for filing new application under Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors by another 1 year. This mean that the companies can now apply for a electronic manufacturing project till 31st March 2024 and the projects will be allowed to be completed by 31st March 2029 […]
India Niti – Policy Updates
Introducing our 1st Newsletter on various policy initiatives of Government of India between January to March 23. This newsletter will provide birds eye view of the new policies introduced by various central government ministries. Policies covered includes the following:- 1. Foreign Trade Policy 2023 2. Swadesh Darshan Scheme 3. Petrochemical research & innovation commendation scheme […]
PLI Scheme for Manmade textiles
Purpose of the Scheme The Production Linked Incentive (PLI) Scheme is intended to promote production of MMF Apparel & Fabrics and, Technical Textiles products in the country to enable Textiles Industry to achieve size and scale; to become competitive and a creator of employment opportunities for people. About the Scheme The scheme has been introduced […]
India EU FTA – Trade Disruption in Process
Background There are reports coming up suggesting resumption of the talks on trade deal between India and EU by the end of 2021. If successful, this will be another historic milestone for the India as EU is India’s largest trading partner with around 11% of India’s overall trade and India reciprocate the trade with roughly […]
Complete guide for E-Commerce companies on applicability of Equalisation Levy post Finance Act, 2021
Applicability In order to analyse the applicability of the Equalisation Levy, it is first necessary to understand the scope of the levy on ecommerce. As per Section 163(3), the levy shall apply to consideration received or receivable for e-commerce supply or services made or provided or facilitated on or after the 1st day of April, […]
Production Linked Incentive – an engine to fuel Industrial Revolution 4.0 in India
The government of India has announced in 2019 that it will come with the production linked incentive scheme for manufacturing sector to make India a global hub for manufacturing. Although, the idea of the government was hit by COVID-19 pandemic last year however, the government is now ready to introduce it now. With PLI scheme […]