ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On 25 October 2012, the Government of India approved the National Policy on Electronics. The policy aims to establish India as a hub for Electronic System and Design and Manufacturing (ESDM) to meet the domestic demands and to use the capabilities to successfully export the products.
To achieve its aim, the policy proposes the following strategies with relevance for international commerce:
The implementation of these strategies is left to future legislative acts.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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