Budget expectations: ESC bats for incentives to promote R&D, innovation in electronics hardware sector

Union Budget 2025: ESC proposes to enhance the Design Linked Incentive (DLI) scheme and suggests additional tax reductions for Indian corporations investing in R&D. They also advocate for a 10-year extension of the DLI scheme and a tax holiday for IP-based product sales to boost innovation and reduce import dependency in India's electronics sector.