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Govt Plans Rs 12,000 Crore Incentive Scheme To Boost Local Production Of High-End Components For Mobiles, PCs: Report

Govt Plans Rs 12,000 Crore Incentive Scheme To Boost Local Production Of High-End Components For Mobiles, PCs: Report
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Ministry Of Electronics , Scheme For Promotion Of Electronics Components , Information Technology , Electronics Components , High Tech Components ,

PLI scheme to boost tax collection as Rs 1,021-cr manufacturing sops netted govt Rs 35,634 cr GST so far

Updated Dec 23, 2020 | 12:20 IST
The PLI scheme, launched earlier this year, has attracted the likes of iPhone contract makers Foxconn, Pegatron and Wistron, as well as Samsung, Karbonn, and will lead to manufacturing worth Rs 11.5 lakh crore.
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New Delhi: The government expects a huge jump in the collectio of Goods and Services Tax (GST) in the coming months due to the launch of the new Production-Linked Incentive (PLI) scheme as manufacturing units paid GST worth Rs 35,634 crore under a previous electronics manufacturing incentive scheme where the subsidy provided was just Rs 1,021 crore.
The
Economic Times citing government estimates mentioned in a report that about 223 applicants invested Rs 23,991 crore under the Modified Special Incentive Package Scheme (MSIPS), which was revised in 2015. These investments were led by companies including Samsung, Bosch, Sterlite and Chinese mobile phone manufacturers su ....

New Delhi , Ministry Of Electronics , Scheme For Promotion Of Electronics Components , Services Tax , Electronics Manufacturing Cluster , Production Linked Incentive , Economic Times , Modified Special Incentive Package Scheme , Electronics Components , புதியது டெல்ஹி , அமைச்சகம் ஆஃப் மின்னணுவியல் , திட்டம் க்கு ப்ரமோஶந் ஆஃப் மின்னணுவியல் கூறுகள் , சேவைகள் வரி , மின்னணுவியல் உற்பத்தி கொத்து , ப்ரொடக்ஶந் இணைக்கப்பட்டுள்ளது ஊக்கத்தொகை , பொருளாதார முறை , மாற்றப்பட்டது சிறப்பு ஊக்கத்தொகை ப்யாகேஜ் திட்டம் , மின்னணுவியல் கூறுகள் ,

Manufacturing units paid Rs 35,634 crore GST under previous electronics manufacturing incentive scheme

Manufacturing units paid Rs 35,634 crore GST under previous electronics manufacturing incentive scheme
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The scheme provided a major boost to electronics manufacturing in the country, but after it closed last year, the government followed it up with three mega incentives totalling Rs 50,000 crore, with a significant chunk reserved for the PLI scheme.
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NEW DELHI: Manufacturing units paid Goods and Services Tax (GST) worth Rs 35,634 crore under a previous electronics manufacturing incentive scheme where the subsidy provided was just Rs 1,021 crore, indicating substantial cost benefit for the government and expectations that GST will only increase under the new Production-Linked Incentive (PLI) scheme. ....

Ministry Of Electronics , Scheme For Promotion Of Electronics Components , Services Tax , Electronics Manufacturing Cluster , Production Linked Incentive , Modified Special Incentive Package Scheme , Electronics Components , அமைச்சகம் ஆஃப் மின்னணுவியல் , திட்டம் க்கு ப்ரமோஶந் ஆஃப் மின்னணுவியல் கூறுகள் , சேவைகள் வரி , மின்னணுவியல் உற்பத்தி கொத்து , ப்ரொடக்ஶந் இணைக்கப்பட்டுள்ளது ஊக்கத்தொகை , மாற்றப்பட்டது சிறப்பு ஊக்கத்தொகை ப்யாகேஜ் திட்டம் , மின்னணுவியல் கூறுகள் ,