What changed since 2025
| Date | Change | Effect | Source |
|---|---|---|---|
| 3 Sep 2025 | GST Council approves two main rates | Standard rate 18%, merit rate 5% and a 40% de-merit rate, effective 22 September 2025. Air conditioners and larger televisions moved from 28% to 18%. | PIB, GST Council 56th meeting, 3 Sep 2025 |
| 21 Nov 2025 | Four Labour Codes in force | The Occupational Safety, Health and Working Conditions Code 2020 now governs factory safety and working conditions; existing rules apply during the transition. | PIB (Ministry of Labour and Employment), 21 Nov 2025 |
| 1 Feb 2026 | Budget scales up manufacturing | An increase in the ECMS outlay to ₹40,000 crore was announced, with new schemes for construction equipment, containers, chemical parks and 200 legacy clusters. | Budget Speech 2026-27 |
| Mar 2026 | Press Note 2 eases land-border rule | Up to 10% non-controlling land-border ownership is automatic, with prior reporting; stakes of up to 49% in Indian-controlled companies in priority sectors have a 60-day target. In legal effect from 2 May 2026. | Vistra; Legal500 |
| Jul–Aug 2026 | Semicon 2.0 approved and notified | ₹1.275 lakh crore programme covering chip design, equipment and materials, fabs, packaging, R&D and talent. Applications are open for three years from 31 August 2026. | PIB, 15 Jul 2026; ISM |
| Aug 2026 | Electronics supply-chain exemptions | The Taxation and Other Laws (Amendment) Act 2026 exempts bonded-warehouse component sales to electronics contract manufacturers until 31 March 2041, subject to conditions. | SCC Online, 7 Aug 2026; India Briefing, 19 Aug 2026 |
Sources: PIB on GST Council (Sep 2025), Labour Codes (21 Nov 2025) and Semicon 2.0 (15 Jul 2026); Budget Speech 2026-27; Vistra; Legal500; ISM; SCC Online; India Briefing; UP IIEPP 2022; Invest India.
Other dated scheme events in the brochure
These dates appear in the scheme and investment tables rather than in the brochure’s change timeline. They are listed here for completeness.
| Date | Event | Source |
|---|---|---|
| Jan 2022 | Capital Goods Competitiveness Scheme, Phase II notified | MHI notification (Capital Goods Phase II) |
| Aug 2024 | 12 NICDP industrial nodes in 10 states approved (projects worth ₹28,602 crore) | PIB, 28 Aug 2024 |
| 1 May 2025 | ECMS applications opened (three months for components and sub-assemblies; two years for supply-chain items and capital equipment) | PIB, 26 Apr 2025 |
| 1 Jul 2025 | Employment Linked Incentive approved; jobs created from 1 Aug 2025 to 31 Jul 2027 qualify | PIB, 1 Jul 2025 |
| 12 Aug 2025 | Semiconductor units in Odisha, Punjab and Andhra Pradesh approved, including the Info Valley compound-semiconductor fab | PIB, 12 Aug 2025 |
| 4 Nov 2025 | PLI for specialty steel, round 3 (PLI 1.2) launched | PIB (Ministry of Steel), 4 Nov 2025 |
| Nov 2025 | Export Promotion Mission approved (₹25,060 crore, FY2025-26 to FY2030-31) | PIB, 12 Nov 2025 |
| 26 Nov 2025 | ₹7,280 crore Sintered Rare Earth Permanent Magnets scheme approved | PIB, 26 Nov 2025 |
| 2 Jan 2026 | 22 electronic component projects worth ₹41,863 crore approved in the third ECMS tranche | NeGD (MeitY); All India Radio, 2 Jan 2026 |
| 20 Mar 2026 | Global bids invited for rare earth magnet units | All India Radio, 20 Mar 2026 |
| 31 Mar 2026 | Textile PLI application window ended | PIB, 2 Jan 2026 |
| Aug 2026 | 31 ECMS projects worth ₹7,877 crore approved | Business Standard, 17 Aug 2026 |
| 12 Aug 2026 | Bids closed for the rare earth magnets scheme | Fiinews, 14 Aug 2026 |
| 1 Oct 2026 | Exemption for income from bonded-warehouse component sales to electronics contract manufacturers starts (to 31 March 2041) | SCC Online; India Briefing |
Statuses are as of 1 October 2026. Newer changes across all sectors are posted in updates.