UP approves policy to boost manufacturing of key electronics components

The policy, aligned with the Centre’s Electronics Component Manufacturing Scheme (ECMS), will come into effect from April 1, 2025, for a period of six years, according to an official statement. The Uttar Pradesh Government on Tuesday approved an electronics component manufacturing policy with an investment target of Rs 5,000 crores to promote production of 11 key components such as displays and camera modules. The Uttar Pradesh Electronics Component Manufacturing Policy-2025 (UP ECMP-2025) aims to promote the production of 11 key electronic components including displays, camera modules and multilayer PCBs, with an investment target of Rs 5,000 crores and the potential to create lakhs of jobs, it stated. Under the scheme, entrepreneurs will receive State incentives in addition to Central benefits, helping strengthen UP’s electronics ecosystem and supply chain. The policy will be implemented through a nodal agency, guided by a policy implementation unit and an empowered committee at the Government level.

The Government believes UP ECMP-2025 will not only boost component manufacturing but also encourage innovation and reduce import dependence, firmly establishing the State as a key player in the global electronics industry, it added. Principal Secretary, Anurag Yadav stated, “Unprecedented progress has been made in electronics manufacturing in the country over the past eight years. While only two units were producing mobile phones in 2015, today 300 units are operational. Production of electronic goods has increased from Rs 1.9 lakh crores to over Rs 11 lakh crores. Mobile phone exports have risen from Rs 1,500 crores to Rs 2 lakh crores.

“UP has become the epicenter of this revolution, producing more than half of the country’s mobile phones. This policy will take UP to new heights of economic growth and self-reliance, while also creating employment opportunities for the youth.” This policy will position UP as a global manufacturing hub while boosting the State’s self-reliance nationally. With an estimated investment of Rs 5,000 crores, it is expected to generate lakhs of direct and indirect jobs, making UP a preferred destination for investment and accelerating industrial growth, the statement added.

Source : https://www.business-standard.com/economy/news/up-approves-policy-to-boost-manufacturing-of-key-electronics-components-125090200885_1.html