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Proposals worth Rs 1.10 lakh crore under MSIPS for Government

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  • In last 12months under MSIPS, the electronics manufacturing scheme, government received an investment proposals of worth Rs 1.10 lakh crore.
  • India received electronics manufacturing proposals from 20-25 overseas companies
  • Identifying the potential, domestic companies that had no exposure to the sector started entering into electronics manufacturing.
  • This scheme was approved by the government in July, 2012 for only 3 years but last month cabinet extended it by 5 years and the scope to 15 new products.

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