India clears air on chip, ship schemes

New Delhi: The US, Canada and the UK have posed questions, at the World Trade Organization (WTO), about India’s Shipbuilding Financial Assistance Policy, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors, and the North East Industrial and Investment Promotion Policy (NEIIPP).

While the US has sought details on the types of financial assistance provided under the semiconductor programme and criteria for each downstream good to qualify for the incentive, Canada has asked if the support provided under the shipyards policy is limited to certain sizes or types of ships.