AP pins high hopes on Electronics Components Manufacturing Policy 4.0 in bringing huge investments
Andhra Pradesh’s draft Electronics Component Manufacturing Policy 4.0 (ECMP 4.0) aims to catalyze ₹84,000 crore in investments through incentives like 50% capital expenditure support, plug‑and‑play clusters, and training, while leading companies like Dixon and Neolync pledge large job creation under the state’s manufacturing push..
AP pins high hopes on Electronics Components Manufacturing Policy 4.0 in bringing huge investments
Chief Minister N. Chandrababu Naidu on Monday stated that there is vast potential for electronic component manufacturing in places like Sri City, Hindupur, and Kopparthy in Rayalaseema.
He directed officials to attract investments to this region, suitable for electronics manufacturing during a review on the newly drafted Electronics Components Manufacturing Policy 4.0 at the Secretariat.
The new policy aims to attract investments in the electronics sector between 2025-30. Officials informed the Chief Minister that the policy is designed to reduce electronics imports, boost domestic production, and focus on exports.
They shared that last year, India imported electronic circuit boards worth $70 billion, highlighting the sector's immense demand.
The Chief Minister stressed that self-reliance in electronics and achieving 'Make in India' targets must be prioritized. He said Andhra Pradesh must launch large-scale manufacturing initiatives to meet international demand and also create its brand for these products.
He emphasized that the new policy should facilitate large-scale production and instructed officials to ensure the development of a conducive ecosystem alongside the establishment of industries and advised preparing an action plan to attract $50-100 billion in electronics components manufacturing sector investments. With land availability becoming a serious issue in cities like Bengaluru and Chennai, Andhra Pradesh has a significant advantage, he added.
