Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
The Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) offers a 25% financial incentive on capital expenditure for setting up or expanding electronics manufacturing units. It targets a wide range of electronic components, semiconductors, and specialized facilities like e-waste recycling, with minimum investment thresholds ranging from INR 2 crore to INR 1,000 crore. The scheme is open for applications until March 31, 2024, with benefits accruing for up to 5 years from acknowledgment.
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