NEW DELHI: Two companies have moved separate proposals worth Rs 1,000 crore to the government for setting up plants for manufacturing of mobile phones and making electronics components used in automobiles.
"There are proposals of around Rs 1,000 crore in field of mobile manufacturing and automotive electronics. Both proposals are from separate companies. Appraisal Committee at DEITY has approved these proposals. It has to be now approved by higher authorities," Joint Secretary in the Department of Electronics and Information Technology (DEITY), Ajay Kumar told PTI.
He, however, refused to reveal names of companies. "The proposal is from existing players who are augmenting their production in the country," Kumar said.
The appraisal committee at DEITY examines if the investors are eligible to get benefit under various scheme of the National Policy on Electronics 2012.
The committee, headed by DEITY's Additional Secretary, has found both investors eligible under the Modified Special Incentive Package Scheme which provides subsidy forinvestments in capital expenditure with a limit of 20 per cent for investments in Special Economic Zone and 25 per cent in non-SEZs.