The state government will encourage development of private ESDM parks with common infrastructure, amenities and waste handling facilities. The developers shall be eligible to apply for the following incentives prior to commencement of the park and will be sanctioned by the state government through the IDC.
In a bid to increase the state’s electronics industry output to $100 billion by 2025, the Tamil Nadu government on Monday released a new electronics hardware manufacturing policy, seeking to contribute 25% of India’s total electronic exports to the world over a period of five years. The policy will undertake skill training for more than 1 lakh people by 2024 to meet the incremental human resource requirement projected by NSDC for Tamil Nadu, in electronics and hardware manufacturing sector.
Aiming to provide adequate infrastructure and supporting ecosystem to electronics system design and manufacturing (ESDM) companies and to attract major global ESDM players to invest in Tamil Nadu, the policy, christened Electronics Hardware Manufacturing Policy of Tamil Nadu, 2020, will seek to incentivise home-grown start-ups in the ESDM sector both in the component and original equipment and product manufacturing sub-sectors.
Source: Financial Express
