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