The CAPEX Attraction Program for Feeding Industry Upgrade attracts foreign and local investments to upgrade existing factories to manufacture locally specified feeding components for a set of promising products. The Program targets small and medium enterprises and it pays back investors a percentage of their capital expenditures on factory machinery and ICT technologies. The promising products and their target feeding components are as depicted in the table below. As depicted, each product vertical is assigned a target local manufacturing percentage. Payment percentage is 40% and it increases by 10% when export revenue reaches a minimum of 25% of the total factory revenue.
The ultimate objective is to expand the local electronics manufacturing base and complete the related supply chain to maximize the local added value.
Submission timeline of Round 1-2016/2017: