Page 37 - NIS English 16-28 Feb, 2026

COVER STORY BUDGET
UNION

2026-27

India Semiconductor Mission

n The India Semiconductor Mission 2.0 will
be launched to promote the production
of equipment and materials, develop fully
Attracting Global Business equipped Indian IP designs, and strengthen
and Investment supply chains. Focus will also be placed on
n To boost infrastructure investment in data centers, industry-based research and training centers.
foreign companies providing cloud services globally n The Electronics Components Manufacturing
using data center services will be granted a tax Scheme, launched in April 2025 with an
holiday until 2047. outlay of ₹22,919 crore, has already received

n If the company providing data center services is an investment commitments double the initial
associated enterprise, it will be provided a safe harbor target. To capitalize on this momentum, the
of 15% on cost. outlay will be increased to ₹40,000 crore.
n To facilitate just-in-time efficiency for electronic
manufacturing, a safe harbor will be provided to
non-residents for component warehousing at a profit
margin of 2 percent of the value.
n To promote toll manufacturing in India, non-residents
will be exempted from income tax for 5 years.
n To encourage a large pool of global talent to work
in India for extended periods, the global (non-India
source) income of a non-resident expert will be
exempted for a 5-year residency period under the
notified schemes.
n Non-residents paying tax on a presumptive basis will
be exempted from Minimum Alternate Tax (MAT).

E-commerce Courier This budget is also
Exports: Value Limit ambitious. This budget
Removed addresses the aspirations

India’s access to global markets has
expanded through e-commerce. of the country. I once again
To support the aspirations of congratulate Nirmala ji and
India’s small businesses, artisans, her team for this futuristic
and startups, the value limit of
₹10 lakh per consignment on and sensitive budget, which
courier exports has been removed. aims to benefit the villages,
Effective use of technology for
identifying such consignments the poor, and the farmers.
will improve the management of
rejected and returned shipments. Narendra Modi, Prime Minister

February 16-28, 2026 || NEW INDIA SAMACHAR 35