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Greetings from Embassy of India, Tokyo!

We are happy to share update/recent amendment about the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS).

 

About SPECS:

·        SPECS aims to deepen the electronics ecosystem and integrate ‘Made in India’ products with global value chains. This scheme is expected to boost domestic demand, increase value addition and promote employment opportunities in this sector.

·        This Central Govt. scheme provides a 25% subsidy on reimbursement basis for eligible capital expenditure for manufacturing of specified electronic components and items of strategic importance.

·        Eligible Products can be found in the below links:

o   Scheme Notification (Annexure)

o   Scheme Guidelines (Annexure 1)

o   Amendment to SPECS Guidelines on 30.09.2021 (Enclosure 1):

o   Amendment to SPECS Guidelines on 03.03.2022

o   Amendment to SPECS Guidelines on 30.03.2022

 

Incentives offered by State Governments will be over and above incentives under SPECS, i.e, investors can leverage both Central and State Government incentives for electronics manufacturing.

 

Amendment to SPECS Scheme:

·    　As per the attached amendment, the application window under the SPECS scheme and scheme duration has 　been extended by 1 year (31.03.2024 and 31.03.2029 respectively).

·    　Tenure of the Scheme: Applications can be filed till 31.03.2024; following release of ‘Letter of Acknowledgement’, investments over 5 years will be incentivized.

 

Relevant Links (translated scheme documents can be found here):

·        Invest India Microsite

·        Translated SPECS Notification

·        Ministry of Electronics Microsite on SPECS

·       Application Link for SPECS

 

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◎お問い合わせ

在日インド大使館　Attache (Commerce)

Abhishek Bahuguna氏

Tel. No. : 03-3262 2391-97 Ext.316

E-Mail : attachecom.tokyo@mea.gov.in