Government to offer sops for electronics manufacturing in 8 cities.

Focused on promoting India as an electronics manufacturing hub, the government recently identified eight cities where companies setting up such facilities will be eligible for incentives, including subsidy.

In addition, seven greenfield electronic manufacturing clusters will be set up and the government will promote chip-making facilities in the country, Communications and Information Technology Minister Ravi Shankar Prasad told reporters recently.

'Electronic manufacturing is going to be the key area of my priority...It is very much employment-based sector. We can give employment to 2.8 crore people,' the minister said.

Under the Modified Special Incentive Package Scheme (M-SIPS) notified in July 2012, refunds will be provided on capital expenditure for new units or for expansion of more than 25 per cent of existing capacity in certain greenfield or brownfield electronics manufacturing clusters.

ET