Bring back M-SIPS to drive investments in mobile manufacturing: IAMAI

In a bid to attract global investments in exports driven high-end mobile manufacturing, the Internet and Mobile Association of India (IAMAI) has recommended bringing back the Modified Special Incentive Package Scheme (M-SIPS) which provided a capita subsidy between 20-25% to manufacturers.

The government stopped accepting fresh applications under the scheme at the end of 2019. The global mobile handset market is expected to touch $648 billion by 2025.

“In order to quickly get global investors to shift their manufacturing facilities from existing locations, M-SIPS has to provide an undeniably attractive