The government has appointed a nodal officer for the Modified Special Incentive Package Scheme (M-SIPS). Companies can now send their applications for availing the scheme, which is aimed at promoting production of electronic products in the country. According to a Ministry for Communications and IT statement, “With the release of guidelines for the M-SIPS, the appointment of a nodal officer, and notification of the application fee, M-SIPS is now ready to receive applications.”
The companies are required to submit a non-refundable application fee ranging from Rs 10,000 for projects costing less than Rs 100 million, to Rs 0.1 million for projects costing Rs 100 billion and above. A Web portal is also expected to be ready soon, so that all applications can be submitted online.
| Fee for Application under MSIPS | |
| Non refundable initial application fee | |
| Total Project cost proposed (INR) | Application Fee (INR) |
| > = 1000 Crores | 1,00,000/- |
| >=100 Crores and<1000 Crores | 50,000/- |
| >=10 Crores and <100 Crores | 25,000/- |
| >10 Crores | 10,0001/- |
| Cost of application for subsequent phases of approved project cost (Rs) will also be same. | |
