Aiming to make India a global electronics manufacturing hub, the government in its Budget 2017 - 18 on Wednesday hiked the allocation for Modified Special Incentive Package Scheme (M - SIPS) and the Electronics Development Fund to Rs 745 crore - - "an all - time high".
"A number of global leaders and mobile manufacturers have set up production facilities in India.
I have therefore exponentially increased the allocation for incentive schemes like M - SIPS and EDF to Rs 745 crore in 2017 - 18.
This is an all - time high, " Finance Minister Arun Jaitley said while presenting Union Budget 2017 - 18.
"We are also creating an eco - system to make India a global hub for electronics manufacturing.
Over 250 investment proposals for electronics manufacturing have been received in the last two years, totalling an investment of Rs 1. 26 lakh crore, " he added.