The Ministry of Communications and Information Technology (IT) has cleared an investment proposal of Korea-based Samsung in the field of electronics manufacturing. The approval to the company has been given under the modified special incentive package scheme (MSIPS). Samsung has been among the first set of companies who showed interest in investing in India under the scheme and is planning to invest to enhance its electronics production capacity in the country.

Earlier in July 2013, the Department of Electronics and IT had cleared Samsung’s proposal of Rs 4.06 billion to invest in handset manufacturing in India.

MSIPS is in line with the target set by the Indian government to import zero electronics by 2020.