Union Cabinet approves amendments in M-SIPS to at tract investment in electronics manufacturing. What is the full form of M-SIPS?

Options

A. Modified Sustainable Investment Package Scheme
B. Modified Special Information Package Scheme
C. Modified Special Incentive Package Scheme
D. Modern Socialist Incentive Package Scheme

Answer

C

Explanation

M-SIPS stands for Modified Special Incentive Package Scheme. It was launched to promote large-scale manufacturing, to offset disability and to attract domestic and Investments into the Electronic global System Design and Manufacturing (ESDM) sector in India. The scheme is available for both new projects and expansion projects.