Government Subsidies
To attract foreign investment as well as boost domestic manufacturing capabilities within India, the Government of India has formulated various schemes at Central level which offers fiscal as well as non-fiscal incentives to businesses primarily depending upon their economic activity, product manufactured, industry, location, investment size.
- Schemes to boost manufacturing and infrastructure around electric vehicles
- Sector-specific production linked incentive schemes
- Schemes to boost the electronics sector such as:
- Scheme for Promotion of Electronic Components and Semiconductors
- Production linked incentive Scheme for Large Scale Electronics Manufacturing
- Electronic Manufacturing Cluster Scheme
Apart from the above, various state governments too have notified various schemes offering sizeable fiscal as well as non-fiscal incentives.
How we can help:
Our team can provide advice and end-to-end assistance, right from the conception stage till obtaining the approval for implementation as well as disbursement of subsidy. Specifically, our team can provide end-to-end assistance during the entire project including:
- Mapping of business plan to the policy
- Assist in seeking clarifications from the regulatory authorities
- Assist with preparation of application and filing with the regulatory authority
- Representation before authorities and providing clarifications/ additional information
- Follow up for obtaining approval
- Assist with post approval reporting compliances as well as disbursement claim.