https://www.taxtmi.com/news?id=69878 The government is developing a successor to the mobile production linked incentive scheme, consulting manufacturers and IT firms before Cabinet submission; concurrent FY27 budget measures-including a Rs 40,000-crore component scheme allocation, a five-year income tax exemption for foreign capital-equipment suppliers in bonded zones, an AI data centre tax holiday, and raised safe harbour limits-are intended to deepen domestic electronics component manufacturing, expand the semiconductor and design ecosystem, and significantly increase employment across electronics, IT services and GCCs. en-us Tue, 03 Feb 2026 19:31:04 +0530 Tue, 03 Feb 2026 19:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69878 The government is developing a successor to the mobile production linked incentive scheme, consulting manufacturers and IT firms before Cabinet submission; concurrent FY27 budget measures-including a Rs 40,000-crore component scheme allocation, a five-year income tax exemption for foreign capital-equipment suppliers in bonded zones, an AI data centre tax holiday, and raised safe harbour limits-are intended to deepen domestic electronics component manufacturing, expand the semiconductor and design ecosystem, and significantly increase employment across electronics, IT services and GCCs. News - Tue, 03 Feb 2026 19:31:04 +0530 https://www.taxtmi.com/news?id=69878