Ministry of Electronics and Information Technology,

Government of India

इलेक्ट्रॉनिक्स और सूचना प्रौद्योगिकी मंत्रालय, भारत सरकार

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

A financial incentive to offset the disability for domestic manufacturing of electronic components and semiconductors in order to strengthen the electronics manufacturing ecosystem in the country

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

Providing level playing field for domestic
electronics manufacturing sector

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

Positioning India as a global hub for Electronics
System Design and Manufacturing (ESDM)

Honourable Union Minister
Ravi Shankar Prasad
Honourable Union Minister of State
Sanjay Dhotre

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

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

Target Segments

The Scheme shall only be applicable for target segments that constitute the supply chain of an electronic product under the Scheme

Eligibility:

The SPECS will be applicable to investments in new units as well as expansion of capacity/ modernization and diversification of existing units

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