The client is a Hong Kong based Company engaged in electronics manufacturing services (EMS) to electronics companies across the globe.
The client approached us for conducting a comprehensive analysis of regulatory regime applicable on manufacturing units in providing EMS in Mumbai, India. Client intent was to set up a manufacturing unit in Navi Mumbai and our scope of work included a detailed analysis of various incentives / benefits offered by Central & State Government of India under various schemes. Based on outcome of our analysis, client was targeting to decide the level of investment in India, location for setting up their unit, budget for expenditure etc.
We have conducted a comprehensive research to map the fiscal and non-fiscal incentives available to EMS sector as offered by Central and State Government through their schemes. Our research included analysis of Maharashtra Industrial Policy, Modified Special Incentive Package Scheme (M-SIPS), benefits under free trade agreement of India with different countries, Local body tax implications, customs duty build up etc. Based on our report, client could shortlist potential areas wherein incentives are available and was facilitated in understanding the various steps & formalities involved in different schemes.