Electronics Manufacturing Scheme Bags INR 1.15 Lakh Cr Bids

The IT ministry also received production estimates to the tune of INR 10.34 Lakh Cr as against the set target of INR 4.5 Lakh Cr under the scheme

As per IT minister Ashwini Vaishnaw, the scheme is now expected to generate 1.41 Lakh jobs, well above the initial target of 91,600, while incentive outgo will be around INR 41,468 Cr

The ECMS will offer varied fiscal incentives such as turnover-linked incentives, capex-linked incentives, and a combination of both to applicants till…