Government Incentive & Subsidies

India under the able leadership of Mr. Modi is on its path to becoming the global manufacturing hub. The Government has been providing required impetus to the manufacturing sector under its key initiatives viz. “Make in India” and “Aatmanirbhar Bharat”.

Investments in manufacturing sector is being made attractive by the Central Government through its flagship Production Linked Incentives (PLI) Schemes having a budgetary outlay of INR 1.97 lakh crore (USD 26 billion). Presently, a total of fourteen sectors such as Electronics & Technology, Telecom & Networking, White Goods, Pharmaceutical, Automobiles, Food Processing, Solar Equipment, etc. are covered under this Scheme. Apart from the PLI Scheme, the Government has announced Schemes incentivising production in special focus sectors such as electronic components and semiconductors. Incentives under these Schemes are being offered as a percentage of capital expenditure incurred or a percentage of incremental revenue.

Following the roadmap drawn by the Central Government, various States are offering fiscal/non-fiscal support to industries willing to invest in their State. Incentives under State Government Policies/Schemes are being offered as capital subsidy, interest subsidy, reimbursement of SGST, reimbursement/exemption from electricity duty, reimbursement of power tariff, etc.

Moreover, the Government is cognizant of the special support required by the Indian Startups and MSME players. Support is being extended by not only offering fiscal incentives or tax incentives, but also, facilitating funding through various means.

We have experience in helping various industry players avail such incentives from the Central as well as State Governments. We offer end to end support right from evaluating business plan, mapping applicable Policy/Scheme, advising on technical matters, assisting in filing application, representation before the Government bodies and disbursement of approved subsidy/incentives.