Haier

Yogi Government Plans 1000-Acre Mega Electronics City

The Uttar Pradesh government is planning to develop an Electronics City spread over 1000 acres in the National Capital Region (NCR).
The facility would come under the jurisdiction of the Yamuna Expressway Authority and showcase UP as the emerging electronics manufacturing hub of India. UP deputy chief minister Dinesh Sharma has directed the state IT and electronics department to speed up the proposal in this regard.
The incumbent Yogi Adityanath government had already proclaimed Noida, Greater Noida and Yamuna Expressway regions as constituents of UP’s Electronics Manufacturing Zone under the new UP Electronics Manufacturing Policy.
Under ESDM (Electronic System Design & Manufacturing), the government had targeted investment of about Rs 200 billion and 300,000 new job opportunities over the next few years. The new policy promises financial incentives, interest subsidy, stamp duty rebate, GST exemptions, and single-window clearance, among other things, to attract private investment.
The incumbent Yogi Adityanath government had already proclaimed Noida, Greater Noida and Yamuna Expressway regions as constituents of UP’s Electronics Manufacturing Zone under the new UP Electronics Manufacturing Policy.
Under ESDM (Electronic System Design & Manufacturing), the government had targeted investment of about Rs 200 billion and 300,000 new job opportunities over the next few years. The new policy promises financial incentives, interest subsidy, stamp duty rebate, GST exemptions, and single-window clearance, among other things, to attract private investment.
At UP Investors Summit 2018 on 21-22 February, the Adityanath government had netted investment proposals totaling Rs 55 billion in electronics manufacturing sector alone of the net Rs 4.68 trillion of investment commitments.
Meanwhile, Sharma said the state had been successful in attracting investment in the sector through proactive policies and engaging with the companies. Recently, consumer electronics manufacturers, Vivo and Haier, had announced to invest in the state. Noida and Greater Noida regions are already the biggest mobile phone manufacturing hubs in the country.
The government wants to boost the sector and increase its contribution to the Gross State Domestic Production (GSDP) by giving impetus to the setting up of green field electronics manufacturing hubs/parks in UP.
On July 29, Prime Minster Narendra Modi had laid the foundation of industrial projects worth Rs 600 billion here. While, the bulk of 26 percent of projects pertained to heavy industries, it was followed by food processing (17 percent), IT (11 percent), housing (10 percent), MSME (6 percent), diary (5 percent), tourism (5 percent), and animal husbandry (4 percent).
On August 22, 2014, the previous Akhilesh Yadav government had also approved Electronics Manufacturing Policy 2014, which had benchmarked host of fiscal and non-fiscal incentives for setting up of electronics manufacturing units in the state and expansion of existing units. The Policy had targeted establishing Electronic Manufacturing Clusters (EMC) and capitalizing on the proposed semiconductor fabrication (FAB) unit along Yamuna Expressway with an investment of about Rs 350 billion. The plant was proposed under the consortium of JP Associates, IBM and Tower Semiconductor Limited, Israel. – Business Standard

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