The Uttar Pradesh (UP) government recently unveiled a new electronics manufacturing policy to incentivise producers with benefits worth Rs 400 billion in the next five years.
The state which currently accounts for 60 per cent of India’s total mobile phones and parts production in its Noida, Greater Noida and Yamuna Expressway regions is now extending the new policy to the entire state. As per the UP government’s Electronics Manufacturing Policy 2020 announced last week, double the rate of land subsidy has been provided to investors for setting up manufacturing units in Bundelkhand and Purvanchal regions to address the regional imbalance.
The move was hailed by the handset manufacturing industry.
Lauding the initiative, the India Cellular and Electronic Association (ICEA), said that with such incentivisation/policy support, the state would further witness the accelerated establishment of units in short to medium term periods. Specific policy initiatives such as allowing dormitory facilities to be established within the manufacturing premises/location is a welcome step by the state government.
