With reference to the Scheme for Promotion of manufacturing of Electronic Components and Semiconductors (SPECS), consider the following statements:
1. The Union Cabinet has recently approved to offer financial incentive of 25% of capital expenditure for the manufacturing of goods that constitute the supply chain of an electronic product under the Scheme for Promotion of manufacturing of Electronic Components and Semiconductors (SPECS).
2. The vision of National Policy on Electronics 2019 (NPE 2019) is to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by developing core components, including, chipsets, and creating an enabling environment for the industry to compete globally.
Which of the statements given above is/are correct?