Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
Updated: 23 Oct 2025
Ministry:
Ministry of Electronics & IT
Beneficiary:
Miscellaneous
Overview
The scheme supports domestic manufacturing of electronic components and semiconductors to strengthen India’s electronics ecosystem. It is open to Indian entities investing in new units or expanding, modernizing, or diversifying existing facilities.
- Objective: Offset the disability for domestic manufacturing of electronic components and semiconductors in order to strengthen the electronics manufacturing ecosystem in the country.
- Eligibility: Entity registered in India and applicable to investments in new units as well as expansion of capacity/ modernization and diversification of existing units.
- Key features: The scheme provides financial incentive of 25% on capital expenditure for the identified list of electronic goods that comprise downstream value chain of electronic products, i.e., electronic components, semiconductor/ display fabrication units, ATMP units, etc.