The government of Gujarat has launched the “Gujarat Electronics Policy 2022-2028” with a vision to position Gujarat as a national leader in the electronics sector by encouraging and driving growth through strategic policy interventions, state-of-the-art infrastructure; and advancement into research and innovation for promoting value led manufacturing and enabling the holistic development of electronics sector in the state. The policy also aims at generating 1 million new employment opportunities in the Electronics System Design and Manufacturing (ESDM) sector in the state.
The policy has been designed to make Gujarat a national hub of ESDM by offering a host of subsidies and incentives to the investors. As per the policy, the state will offer assistance up to 20 per cent capital expenditure (capex), with a ceiling of Rs 2 billion, to the ones willing to invest in the ESDM sector in Gujarat. Moreover, the eligible investors will be entitled to get 100 per cent reimbursement on stamp duty and registration fee paid to the government. While eligible entrepreneurs are exempted from paying any electricity duty, the state government will provide a power tariff subsidy of Rs 1 per unit for a period of five years.
Meanwhile, other incentives include interest assistance of up to 7 per cent on a term loan for a period of five years and logistics subsidy of up to 25 per cent on the freight charges for five years, up to Rs 500 million per annum. As per the policy document, the state government will develop Gujarat Electronics Manufacturing (GEM) clusters for the ESDM ecosystem in the next five years. These GEM clusters will have common research and development (R&D) facilities, testing labs and common infrastructure facilities.
Gujarat Electronics Policy 2022-2028 – https://cmogujarat.gov.in/en/portfolio/gujarat-electronic-policy-2022-28/
