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Uttar Pradesh Plans To Launch Rs 10,000 Crore Scheme To Woo Electronic Components Manufacturing
OutlookIndia
·
2m ago
Medial
Uttar Pradesh plans a Rs 10,000 crore scheme to attract electronic components manufacturing investment, complementing India's ECM scheme. The policy offers fiscal incentives, subsidized land, and infrastructure support, with aims to attract Rs 25,000 crore in investments. It supports the state's ambition to be a tech manufacturing hub and aligns with the national push for electronics self-reliance. The initiative is part of broader efforts to create an "electrilomics" ecosystem, enhancing the state's semiconductor and electronics capabilities.
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ET World Leaders Forum | Govt to launch new scheme for domestic electronics component manufacturing says Vaishnaw
Economic Times
·
11m ago
Medial
The Indian government is set to launch a scheme to develop a sustainable electronics component ecosystem in the country. The scheme aims to attract investment and boost domestic production of electronic components. The government plans to allocate up to Rs 40,000 crore for the scheme, with expectations of attracting around Rs 82,000 crore in investments. The goal is to encourage the manufacturing of electronic components, similar to the progress made in mobile and electronics manufacturing in India. The government also aims to focus on infrastructure development, including physical, digital, and social infrastructure.
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UP, Gujarat rush to take part(s) in electronics race
Economic Times
·
3m ago
Medial
Uttar Pradesh and Gujarat are crafting incentives to attract electronic component manufacturers, following Tamil Nadu's lead in seizing opportunities from a Rs 23,000 crore Centre initiative to boost manufacturing in this sector. Gujarat is building a semiconductor hub with plans for Micron and Tata Electronics, while Uttar Pradesh is developing policy drafts. States like Karnataka, Madhya Pradesh, and Haryana are also strategizing to boost electronics manufacturing, competing to enhance India's electronics value chain.
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Inside govt's plans for Rs 40,000 crore electronics component manufacturing scheme
Economic Times
·
11m ago
Medial
The government plans to allocate around Rs 40,000 crore for a new electronics component manufacturing scheme. Successful applicants are expected to invest around Rs 82,000 crore, with the total value of components produced estimated to reach Rs 1.95-2 lakh crore. The scheme is likely to be launched later this year to boost electronic manufacturing in the country.
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Uttar Pradesh set to develop Rs 700-crore EV manufacturing park on 500 acres in Kanpur
Economic Times
·
1m ago
Medial
The Uttar Pradesh government plans to invest Rs 700 crore to establish Kanpur as a major electric vehicle (EV) manufacturing hub. Under the Kanpur Metropolitan Development Vision - 2030, a 500-acre EV park will be developed near Bhimsen by the Uttar Pradesh State Industrial Development Authority. This initiative aims to strengthen the local EV supply chain, promote indigenous manufacturing, and enhance the regional economy. A dedicated R&D center will drive innovation, and an integrated EV components cluster will support SMEs.
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Deadline for ECMS applications extended to September-end: MeitY - The Economic Times
Economic Times
·
9d ago
Medial
The Indian government has extended the application deadline for the Electronics Component Manufacturing Scheme (ECMS) to September 30, following significant interest with over 110 applications. The Rs 22,919 crore initiative aims to boost domestic manufacturing of electronic components, attracting investments worth Rs 59,350 crore and generating production worth Rs 456,500 crore. The scheme offers a flexible incentive structure and is expected to create direct employment for 91,600 people, supporting sectors like industrial, power, and automobile.
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Scheme to Boost Electronic Component Production Draws 70 Applications
StartupTalky
·
2m ago
Medial
The Indian government's scheme to enhance electronic component production has attracted 70 applications from mainly small and medium-sized enterprises, aiming to generate significant investment and job creation. Approved in March, the production-linked incentive program targets INR 59,350 Cr in investments and anticipates substantial output and employment growth over six years. The initiative benefits sectors like telecommunications, consumer electronics, and automotive. States like Tamil Nadu, Gujarat, and Uttar Pradesh are ramping up efforts to become electronic manufacturing hubs.
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Decoding MeitY’s Rs 23,000 crore electronics production scheme
Economic Times
·
4m ago
Medial
The Ministry of Electronics and Information Technology (MeitY) in India announced a Rs 23,000 crore Electronics Component Manufacturing Scheme. This initiative aims to enhance domestic production of electronic components and subassemblies, positioning India as a significant player in the global electronics value chain. The scheme outlines key provisions and clauses to support and encourage local manufacturers, fostering growth and development in the electronics sector within the country.
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Norms unveiled to fire up electronics parts manufacturing in India
Economic Times
·
3m ago
Medial
The Indian government launched a Rs 23,000-crore scheme to boost electronics components manufacturing, enhancing domestic value in the industry. With applications open from May, the plan aims for India to increase its global electronic market share from 3% to 8% over six years. It seeks Rs 59,350 crore in new investments and 91,600 jobs. The initiative includes incentives for turnover and capital expenditure, vital for expanding India’s electronics ecosystem globally.
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Uttar Pradesh receives proposals worth Rs 40,000 crore under new semiconductor policy
Economic Times
·
1y ago
Medial
The Uttar Pradesh government is attracting investment proposals worth Rs 40,038 crore for semiconductor manufacturing projects. Hiranandani group's Tarq Semiconductor is set to invest Rs 28,440 crore, while Kaynes Semicon is planning an investment of Rs 4,248 crore. Aditech Semiconductor and Vamasundari Investment Delhi are proposing investments of Rs 3,751 crore and Rs 3,599 crore, respectively. The projects are expected to generate over 32,000 jobs in the state and position Uttar Pradesh as a competitive destination for semiconductor investments. The state government is working on providing necessary infrastructure and support for the projects.
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Electronics parts PLI draws in Dixon, Tatas, Foxconn and others
Economic Times
·
3m ago
Medial
Several companies, including Dixon, Tata Electronics, Zetwerk, and Foxconn, are planning investments under India's new production-linked incentive (PLI) scheme for electronic components. Foxconn is pursuing the smartphone display module category with plans for a unit in Tamil Nadu. Tata Electronics and Dixon are exploring various categories, including enclosures and display modules. Zetwerk also evaluates opportunities to enhance its component business. This initiative aims to strengthen India’s electronic system design and manufacturing ecosystem.
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