Union Cabinet approves amendments in M- SIPS to attract investment in electronics manufacturing. What is the full form o…
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Union Cabinet approves amendments in M- SIPS to attract investment in electronics manufacturing. What is the full form of M- SIPS?
✓ Correct answer: c) Modified Special Incentive Package Scheme
ExplanationThe M-SIPS stands for Modified Special Incentive Package Scheme.It's a government initiative aimed at attracting investments in the electronics manufacturing sector.The scheme provides financial incentives to offset disabilities faced by electronics manufacturing companies in India.These incentives are designed to promote the growth of the domestic electronics manufacturing ecosystem.The Union Cabinet's approval of amendments signifies a commitment to further enhancing investment attractiveness.The amendments are likely to streamline processes and make the scheme more responsive to industry needs.Hence, the correct answer is "Modified Special Incentive Package Scheme."
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