Investors not clear on govt's electronics mfg schemes: ICA

Electronics companies evaluating to invest in India for manufacturing are confused over government schemes and roadmap meant to boost local production, mobile industry body Indian Cellular Association said today.

They have also expressed concern over high taxes in India, it added.

"There can be no substantial investment in this environment where direct tax and dividend distribution tax is so high. Phase-wise manufacturing programme has not been carried forward.

"Numerous investors have expressed concern on this as well MSIPS (Modified Special Incentive Package Scheme)," ICA National President Pankaj Mohindroo told

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