Incentivising your business through Government Incentives
KCM’s eye for detail helps you identify the incentives specific to your industry and location

India is becoming a manufacturing hub with MNCs across the globe shifting their manufacturing base from other Asian jurisdictions to India. In order to provide a boost to manufacturing and technology sectors in India, the Central and State Governments provide a host of incentives to help you achieve your dream. Some of the notable incentives being rolled out by the Governments are:

  • Production Linked Incentives (PLI) Scheme for various industries like Pharma, Electronics, Specialty Steel, Auto and Auto Components, EVs, etc.
  • State level incentives for manufacturing sector providing for reimbursement of capital expenditure
  • Specific incentives for Electric Vehicles (EV)
  • IT / ITeS Policy being rolled out by various states
  • Semiconductor Policy rolled out by various states
  • Textile Policy
  • Electronic Manufacturing Clusters (EMC)
  • State specific electronics policy
  • Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

While the above are only illustrations, there is a plethora of incentives that could be available depending upon the industry and nature & size of operations. The incentives range from reimbursement of capital expenditure to reimbursement of operational expenditure, single window clearance, waiver of duties, etc.

Specialists at KCM keep a track of industry-specific and location-specific incentives rolled out by the Central and State Governments and provide you with a robust analysis helping your business make the maximum out of the available incentives. We understand your business, undertake a threadbare evaluation of the incentives and provide you with a comparative analysis of the same that helps you in decision-making. Our services include:

  • Identifying the right incentives for your business
  • Evaluation of the incentives
  • Discussing with you the financial and other impacts of the potential incentives
  • Identification of the right partner to help monetise the incentives

KCM has assisted its clientele across industries, viz. Textiles, Electronics, EVs, IT / ITeS, Other Manufacturing, etc. in evaluating the Central and State level incentives available across various states.