The electronics and IT ministry has cleared 314 applications totaling Rs 86,824 crore in projected investments under a modified special incentive package programme (M-SIPS) through May 31, 2022. 320 applications with a proposed investment of Rs 89,232 crore are being considered as of May 31, 2022. Out of these 320 applications, 314 were approved, with a proposed investment of about Rs 86,824 crore. M-SIPS was announced by the government in July 2012.
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Note: The above-mentioned news was first published by us in our ProjectX India | 1st July 2022 edition. Click here to buy this issue. Access Investment news, projects, tenders, and contract award information in each fortnightly issue of ProjectX India PDF version. Go for an annual subscription and get access to 24 issues in a year.