India Entry Advisory
Bring your technology.
India is ready for you.
We advise global semiconductor, deep-tech, and advanced manufacturing companies on entering India, from Gujarat International Finance Tec-City (GIFT City) structuring and government subsidies to capital introduction and regulatory navigation.
The window for India entry is open. Right now.
India has committed over ₹76,000 crore in incentives to build a domestic semiconductor ecosystem. The government is actively seeking global technology partners, not just manufacturers, but companies with intellectual property, process know-how, and design capability.
The Production Linked Incentive (PLI) scheme for semiconductors, the India Semiconductor Mission (ISM), and state-level incentives from Maharashtra, Gujarat, and Karnataka mean that for the first time, setting up in India is not just strategically attractive. It is financially structured to make it viable.
Most global companies know the opportunity exists. Very few have the on-ground advisory to navigate the regulatory, financial, and structural complexity of actually doing it.
That is exactly what we do.

Government Schemes
Every incentive India offers.
All in one place.
India has deployed an unprecedented set of central government, state government, and structural incentives to attract semiconductor and deep-tech investment. Here is what is currently on the table.
India Semiconductor Mission (ISM)
₹76,000 crore total outlayThe apex government body overseeing all semiconductor incentives in India, operating under the Ministry of Electronics and Information Technology (MeitY). Provides single-window clearance, dedicated programme management support, and coordinates all semiconductor-related approvals across central ministries and state governments.
Semiconductor Fab Incentive Scheme
50% capital subsidy50% capital subsidy on project cost for greenfield semiconductor fabrication units (silicon-based). The scheme also covers compound semiconductor fabs, silicon photonics, sensors, and display fabs. Eligible entities receive fiscal support from the central government across the first five to six years of operation.
Design Linked Incentive (DLI) Scheme
50% design expenditure reimbursementDesigned specifically for companies focused on chip design, embedded software, and integrated circuit (IC) layout. Provides 50% reimbursement of eligible expenditure, up to ₹15 crore per applicant, during the product development phase. A separate deployment-linked incentive of 6% to 4% on net sales is available for five years once the product reaches market.
SPECS: Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors
25% capital expenditure incentive25% capital expenditure incentive for manufacturers of electronic components, semiconductor packaging, and Assembly, Testing, Marking and Packaging (ATMP) units. The threshold is lower than the main fab scheme, making it accessible to mid-size players entering the ecosystem.
Electronics Manufacturing Clusters (EMC 2.0)
₹3,762 crore scheme outlayThe central government co-funds the development of plug-and-play infrastructure inside designated electronics manufacturing clusters. Covers common facilities, testing laboratories, research and development infrastructure, and utility connections. Companies setting up within an EMC cluster benefit from ready infrastructure and shared services without building from scratch.
Zero Import Duty on Capital Equipment
0% customs duty on manufacturing equipmentSemiconductor manufacturing machinery and capital equipment imported for use in approved fabrication and ATMP units are exempt from basic customs duty. This significantly reduces upfront capital expenditure and ongoing equipment upgrade costs for global manufacturers establishing Indian operations.
100% Foreign Direct Investment Under Automatic Route
No government approval requiredForeign companies can own 100% of a semiconductor manufacturing entity in India without prior government approval. Combined with full profit repatriation rights, this makes India one of the most foreign-investment-friendly semiconductor jurisdictions in Asia.
State-Level Incentives
Maharashtra, Gujarat, Karnataka leadingMaharashtra offers capital grants, land at industrial rates, and power tariff subsidies under the Maharashtra Semiconductor and Advanced Manufacturing Policy. Gujarat offers up to 40% additional capital subsidy, dedicated land at Dholera and GIFT City, and fast-track clearances. Karnataka, Telangana, and Uttar Pradesh each have dedicated electronics and semiconductor policies with stamp duty exemptions, power subsidies, and employment generation incentives.

GIFT City
Invest in India.
The numbers are exceptional.
GIFT City (Gujarat International Finance Tec-City) is India's first operational smart city and International Financial Services Centre (IFSC). For technology and financial services companies, it offers a regulatory and tax environment comparable to Singapore and Dubai.
10-Year Tax Holiday
Income tax exemption for 10 consecutive years out of 15 years for units set up in the GIFT City International Financial Services Centre.
Zero GST
Services provided within the GIFT City Special Economic Zone are treated as zero-rated, with no Goods and Services Tax liability on inter-unit transactions.
No Capital Gains
Certain capital gains on transactions conducted through GIFT City are exempt, making it highly attractive for investment holding structures.
Full Repatriation
100% repatriation of profits allowed. No restrictions on currency or capital movement for entities registered within the GIFT City IFSC.
How We Help
From first meeting to operating entity.
Market Entry Structuring
- Entity structure advisory
- GIFT City versus mainland comparison
- Joint Venture and licensing structuring
We identify the right legal and financial structure for your India entry, whether a wholly owned subsidiary, a Joint Venture (JV), a technology transfer agreement, or a GIFT City International Financial Services Centre (IFSC) entity. Each structure has different tax, liability, and repatriation profiles.
Government Subsidy Navigation
- PLI scheme eligibility assessment
- State subsidy mapping
- Application and compliance support
The Production Linked Incentive (PLI) scheme, state-level capital subsidies, and India Semiconductor Mission (ISM) incentives all have specific eligibility criteria, application processes, and compliance obligations. We navigate this on your behalf.
Capital Introduction
- Private Equity and DFI introductions
- Government-backed financing
- Co-investment structuring
We introduce global companies to Indian capital, whether that is co-investment from domestic Private Equity (PE), Development Finance Institution (DFI) funding for infrastructure, or government-backed financing for eligible projects. Indian capital wants to back credible global technology.
Regulatory and Compliance
- FEMA and RBI compliance
- SEBI registration advisory
- Ongoing compliance management
Foreign Exchange Management Act (FEMA) compliance, Reserve Bank of India (RBI) approvals, Securities and Exchange Board of India (SEBI) registration where relevant, and ongoing compliance management. India's regulatory environment is complex; we have the legal and financial expertise to manage it.
Exploring India entry? Start with a conversation.
The first call is free and confidential. We will tell you clearly what is possible, what the timeline looks like, and what the financial case for India entry looks like for your specific situation.
Get in Touch