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You are at:Home » Electronics Manufacturing Industry Ensures Timely Payment of Incentives by UP Government
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Electronics Manufacturing Industry Ensures Timely Payment of Incentives by UP Government

Adnan MaharBy Adnan MaharDecember 16, 2024No Comments2 Mins Read0 Views
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Mobile phone industry body ICEA said on Monday that the Uttar Pradesh government has assured timely disbursement of incentives to the electronics industry to encourage companies to set up manufacturing units in the state.

Electronics manufacturers including Dixon Technologies, Zetwerk, Tata Electronics, Micromax, Karbonn and Amber met Chief Secretary Manoj Kumar Singh on December 10 to discuss developments in the sector.

“Mr. Singh ensured timely disbursement of state incentives to the electronics industry and extended the state’s unwavering support to private entities setting up manufacturing clusters,” the Indian Cellular Electronics Association (ICEA) said in a statement. .

According to ICEA data, Uttar Pradesh has emerged as the cornerstone of India’s electronics manufacturing industry. In 2023-24, the state accounted for about 40-45% of India’s electronics production and about 60% of mobile phone production by value.

“The government will implement manufacturing-friendly policies that encourage investment across the electronics value chain, expand the role of women in the workforce, and promote housing infrastructure for workers in the electronics cluster,” Singh said in a statement. We are committed to providing all possible support by implementing these measures.”

Uttar Pradesh also contributes around 15 per cent to the country’s electronics exports and around 25 per cent to mobile phone exports, the statement said.

“Uttar Pradesh should contribute significantly to India’s electronics manufacturing target of $500 billion by 2030 and account for a large portion of that $200 billion.Furthermore, UP needs to engage in aggressive global expansion. should consider establishing an international office to promote integration with global value chains. GVC) and attract major international brands to India,” said Pankaj Mohindroo, Chairman, ICEA.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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