Government clears 75 proposals under M-SIPS for manufacturing – Feedback

Government has approved 75 proposals involving an investment of Rs 6,038 crore in the first phase under the Modified Special Incentive Package Scheme, the Rajya Sabha was informed today.

“So far, 75 proposals involving phase-1 investment of Rs 6,038 crore have been approved under M-SIPS,” P P Chaudhary, Minister of State for Electronics and IT, said in a written reply in the Rajya Sabha. These projects are across States like Haryana, Karnataka, Maharashtra, Kerala, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal and Uttarakhand. The 75 proposals together entail a project cost of Rs 17,996.82 crore with a proposed employment of 29,328 people. The projects are from companies like LG Electronics India, Philips India, Wipro GE Healthcare, Flextronics, Lava, Dixon Technologies and Samsung India Electronics, among others, for manufacturing items like mobile phones, colour TV, refrigerators, LED bulbs and X-ray machines, among others.

http://economictimes.indiatimes.com/industry/cons-products/electronics/government-clears-75-proposals-under-m-sips-for-manufacturing/articleshow/55621700.cms

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