Published On:June 19 2014
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In manufacturing push, govt lists eight electronics hubs.
The NDA government has selected eight cities as potential electronics manufacturing hub. Companies would be eligible for incentives, including subsidy for setting up such facilities in these cities.
Telecom and information technology minister Ravi Shankar Prasad announced these as part of the first batch of measures by the new government to revive manufacturing in the country.
These would be at Ghaziabad in Uttar Pradesh, Vadodara and Gandhinagar in Gujarat and four cities in Maharashtra: Nagpur, Nasik, Aurangabad and Thane. Maharashtra, incidentally, will elect its state assembly later this year.
The modified Special Incentive Package scheme for the sector notified in July 2012 offers refunds on capital expenditure for new units or for expansion of more than 25 per cent of existing capacity.
The scheme covers production of products across the value chain from raw material to research and development.
The Indian Express