Name of the Organization : Department of Electronics and Information Technology
Name of the Scheme : Modified Special Incentive Package Scheme Application Online
Location : Delhi
Website : http://www.msips.in/
Modified Special Incentive Package Scheme :
The Electronic MSIPS (e-MSIPS) Application System enables online submission and scrutiny of applications submitted to the Department of Electronics and Information Technology (DeitY) under the Modified Special Incentive Package Scheme (MSIPS) and Electronics Manufacturing Cluster (EMC) schemes. Registered users can submit their applications in the system, using the forms designed for the same. The system will enable online scrutiny of applications and online generation of responses to the applicant. The applicants can view the response in the system.
Registration Guidelines for Applicants :
In order to submit applications under MSIPS/ECs schemes you will first have to register into the system. To register into the system click on the Register Now link on the home page. Fill in the necessary details – all fields marked by red * are compulsory. The user-id and password you provide in the registration form will be used by you to login into the system. The resume you upload should be ONLY 1 page long. The system will not allow you to add a resume longer than 1 page. The resume should be in PDF format ONLY. The applications you submit will be encrypted in the system. This will ensure that no one apart from you and the concerned authorities can view your applications, thus protecting your intellectual property rights. For this we require you to enter the private key password – this password will be asked from you every time you try and access the application. Your passwords will be mailed to you separately, on successful registration.
Important Note :
Please ensure you do not lose your private key password because once set this password CANNOT be changed. In case you forget this password you will not be able to access your applications. On successful registration the system will take some time to generate your security certificate. Once generated you will need to download this certificate and install it in your Acrobat reader for PDF file read.
This can be done as follows:
** Download the security file and place it in a folder.
** In your Acrobat Reader or Linux equivalent, find the option ‘Security settings’ in the menu. Go to this option and click on ‘Add ID’ .
** Select appropriate option to indicate that you are adding the certificate from file.
** Once done click on the Next button. You will need to select the file you just downloaded and give your private key password when asked for. Proceed with all the steps till you finish. Now the security certificate is imported onto your PDF reader. You can now view all your ‘encrypted’ applications – just download the application you have uploaded on the system. Open the application, the PDF reader will ask for your password – provide your private key password and the file will open for you.
Register Now : http://www.msips.in/MSIPS/Registration.do
Please Note :
This security feature is added to protect your intellectual property rights, so that no unauthorised user can access your ideas.
Know About MSIPS/ECs Schemes :
Modified Special Incentive Package Scheme (M-SIPS) was notified in Gazette of India in July 2012 and documents to apply under MSIPS scheme including the Guidelines for operation of M-SIPS have also been released and is available at www.deity.gov.in. MSIPS is investment based scheme.
The financial incentives under the scheme are as under :
25% of capital expenditure if the ESDM unit is in non-SEZ and 20 % of capital expenditure if the ESDM unit is within SEZ. This capex subsidy is available for investments made within 10 years from the date of approval of the project.
Reimbursement of CVD/excise on capital equipment for non-SEZ units.
Reimbursement of central taxes and duties (like custom duties, excise duties and service tax) for 10 years in select high- tech units like fabs, Semiconductor Logic and Memory chips, LCD fabrication.
MSIPS scheme provides refund of capex for new units or for expansion of more than 25% of existing capacity in a DeitY Notified Greenfield or Brownfield Electronics manufacturing cluster for production of products across ESDM value chain from Raw Material, Components, Design & Chip, Assembly, Testing, R&D and Packaging. Government has allocated Rs 10,000 Crore for 12th FYP for MSIPS Scheme. The scheme is open for all initial applications which are received by DeitY on or before 26-07-2015. Investment for the purpose of MSIPS will have to be done before 10 years from approval of their application. Any incentive by State government is extra. Applicant proposing to invest in a project under one of the verticals of ESDM listed under Annexure 2 of the Notification needs to be a legal entity or consortium of legal entities registered in India. For availing incentives under this scheme there are minimum investment requirements defined for different products varying from Rs 5000 Crore for Memory Fab to Rs 1 Crore for Mobile phone and accessories. The details can be obtained from Annexure IV of MSIPS Guidelines uploaded on DeitY website.
M-SIPS is for state-of-the-art technologies i.e. technologies which are currently in vogue or has market potential currently and in near future. It is open for new investment proposals as well as for investment in expansion projects and applicable for all stages of value-chain involved in the development of electronics products and accessories like it includes design, manufacturing, testing, packaging etc.
M-SIPS scheme is available for investments in almost all verticals of the ESDM sector like Telecom eqpts. including mobile sets, Opto-electronics, IT hardware, Bio-metric/ identity devices, Consumer electronics, Power supply for ESDM products, Medical electronics, Semiconductor wafering, Solar photovoltaic, Semiconductor chips & components, Fabs for ESDM products ,LEDS, LCD, Avionics, Electro-mechanical components, nano-electronics, e-waste processing, Automotive electronics, Electronics manufacturing services etc.
For applying into this scheme, application is to be made to Nodal Officer (MSIPS), DeitY. Application to be made either by a legal entity or consortium of legal entities registered in India, for approval of a project under the scheme. In the case initial Application is made jointly by more than one legal entities, each one of them should sign the application. The project proposed under the scheme may include one or more electronic products, however applicable threshold would be sum of the thresholds required to manufacture each of the products separately. An applicant may submit one or more than one Initial Applications under the scheme. Initial application may be made both for the new units and for the expansion units. The project proposed in the initial application may include multiple manufacturing facilities at one or more locations. The project proposed in the initial application may be implemented in one or more phases, however, in such cases Financial Closure (FC) of at least threshold value and at least one phase of the project (in the case of multiphase project) to be submitted at the time of Initial Application.
Capital expenditure for the purpose of MSIPS application includes :
** Contribution of Land to Capex calculation is limited to 2%
** Expenditure incurred on plant , machinery and equipment is eligible
** Expenditure on leasing or hire and purchase of plant, machinery and equipment shall be treated as capital expenditure (AS 19)
** R&D and IPR/ technology
** Utility machines
** Captive power plants if set-up exclusively
Financial Closure for the purposes of the Scheme means :
** Firm loan agreement for debt portion of the investment proposed and
** Legally binding commitment from equity providers to provide or mobilize funds towards equity or
** Legally binding commitment of funding from internal accruals, in case of an existing unit
** State-of-the-art technology for the purpose of the Scheme is a technology currently in vogue or has market potential currently and in near future and assessed as such by the Technical Evaluation Committee (TEC)
** Separate guidelines will be issued with regard to disbursement of incentives under the ‘Scheme’.
Notification on Modified Special Incentive Package Scheme (M-SIPS), Guidelines for the Operation of the Modified Special Incentive Package Scheme, Application Fee Under MSIPS, MSIPS Initial Application Form for new project, MSIPS Initial Application Form for expansion project are available on www.deity.gov.in/esdm. Details on Investment Thresholds and Financial Incentives for ESDM are given at Annexure 4 of the MSIPS Guidelines, while List of verticals of ESDM for which incentives are available under M-SIPS is available at Annexure 5 of the MSIPS Guidelines.
The Department of Electronics and Information Technology will constitute one or more Technical Evaluation Committees (TECs), which will provide its recommendation regarding the technology proposed by an applicant and whether the said technology is “State-of-the-art” or not. DeitY shall also constitute an Appraisal Committee in accordance with para 6.1 of the ‘Scheme’ to ensure timely consideration of the Initial applications and Follow up Applications.
The Department of Electronics and Information Technology shall process the recommendations of the Appraisal Committee for the approval of the Competent Authority. After receiving the approval of the Competent Authority, the Department of Electronics and Information Technology shall issue a letter communicating approval of the project. The approval of the project would inter-alia include the details relating to points referred to in para 10.4 of these Guidelines. The date of formal approval will be the effective date for the purposes of calculating ten years of eligible period available for investment under the Scheme.
An applicant will be eligible for claiming incentives for that phase of the project which is approved for implementation. Investments made before the date of approval of a project will not be considered for calculation of eligible incentives under the ‘Scheme’. However, investments in land made up to 6 months before the date of approval of a project will be considered for calculation of eligible incentives under the ‘Scheme’. The applicant whose project has been approved will be required to submit through the online portal a quarterly progress report of the project to the PMU / Department of Electronics and Information Technology.
For more information in this regard, please refer to www.deity.gov.in/esdm or contact Nodal Officer.