Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
Financial incentive of 25% of capital expenditure for the manufacturing of goods as per list annexed to the Scheme Notification that constitute the supply chain of an electronic product under the Scheme
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Objective:
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) proposes a financial incentive to boost domestic manufacturing and attract large investments in the electronics value chain including electronic components and semiconductors
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Target Segments
The Scheme shall only be applicable for target segments that constitute the supply chain of an electronic product under the Scheme
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Eligibility:
The SPECS will be applicable to investments in new units as well as expansion of capacity/ modernization and diversification of existing units
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Tenure of the Scheme
The SPECS will be open for applications initially for 3 years from the date of its notification i.e. for 3 years from April 01, 2020. The applications received under the scheme will be appraised on an ongoing basis and implementation will continue as per the approvals accorded under the scheme