p>Planning period: EMC2.0 will open a three-year application period, and the next five years will be the funding period.

  • Incentive measures: Every 100 acres of land will receive economic incentives not exceeding 50% of the project cost, with a cap of 700 million rupees.

    • (3) Qualification requirements

    • Requirements for joint ventures

    • At least 20% of the land area purchased/leased

    • The minimum investment commitment is 3 billion rupees (Northeast States, Hilly States, UTs is 1.5 billion Indian rupees)

    • EMC project

    • Each 100 acres of land will receive economic rewards not exceeding 50% of the project cost, with a cap of 700 million rupees

    • New project:

      ·Minimum land area: 200 acres (Northeast states, hilly states, 100 acres for UTs)

      ·Maximum limit: 35 billion rupees per project

    • Expand related items

    • Minimum land area: adjacent 100 acres (Northeastern State, Hilly State, UT adjacent 50 acres)

    • 80% of the saleable/leasable land should be allocated to ESDM units.

    • At least 50% of the land should be allocated to production activities that have already started.

    • Common Facilities Center (CFC)

    • 75% of the project cost will be awarded, with a cap of 750 million rupees.

    • Five electronics manufacturers will be combined into one unit user.

    For India’s plan, the local media in India tracked its implementation, as well as the latest developments of Samsung, Xinxing, Foxconn Hon Hai, Wistron, Pegatron and other companies. The following is New IndianExpress’s progress on the PSL plan Original article translation:

    22 mobilecompanies apply for India’s new incentive score, while in the fifth and final year, the incentive to bedistributed has been capped at Rs 7,640 crore.

    In the first year, the total incentive ceiling was 53.34 billion rupees, while the total incentive ceilings for the second and third years were 80.64 billion rupees and 8425 billion rupees, respectively. In the fourth year, the incentive measures will be substantially increased to 114.88 billion rupees, and in the fifth and final year, the upper limit of the incentive measures allocated will be 764 billion rupees.

    On June 29, 2020, India announced that 59 mobile apps including TikTok were blocked from being used in India on the grounds of so-called national security. What is behind this is the depth of India’s involvement with Chinese Internet companies. rely.

    In addition to software, Chinese companies in the hardware sector have also become popular in India: In 2019, India shipped 152.5 million mobile phones throughout the year, surpassing the United States to become the world’s second largest smartphone market after China. Among the top five mobile phone brands in India, Chinese products have a combined share of 65.5%, while the share of local Indian manufacturers has fallen from 50% in the early years, and they can only earn meagre profits in the feature phone market.

    Jealous of “Made in China” in the Indian market, this is the core reason why India is aiming at China’s “world factory”.

    First of all, I have to admit that India’s plan is aimed at the core and strikes precisely.

    As the backbone of the electronics manufacturing industry, communications and related equipment account for 28% of China’s total electronics manufacturing exports. India’s first shot hit the communications equipment manufacturing industry, and it was a hit.

    Take the PLI plan as an example. India has invested a total of 410 billion rupees ($5.528 billion), and will issue cash rewards to companies based on the scale of investment and production. This measure will attract large companies such as Huawei, Apple, and Samsung to transfer their production lines to India.

    The production lines of these mobile phone brands are based on the characteristics of high volume production and high export volume, which will bring a lot of local jobs and substantial tax revenue to India, and can also give full play to India’s natural and low-cost labor advantage. .

    Furthermore, the industrial chain accumulation of major global manufacturers will also bring huge development opportunities to the Indian manufacturing industry.