The timely release of incentives is seen as a crucial step in bolstering the electronics manufacturing ecosystem, improving ease of doing business.
The Uttar Pradesh government has reaffirmed its commitment to ensuring timely disbursement of incentives to the electronics industry, a move aimed at attracting investment and encouraging entities to establish manufacturing units in the state. This assurance was highlighted by the India Cellular and Electronics Association (ICEA) on Monday.
The timely release of incentives is seen as a crucial step in bolstering the electronics manufacturing ecosystem, improving ease of doing business, and positioning Uttar Pradesh as a hub for electronics production, says ICEA. The initiative aligns with the state’s efforts to attract domestic and global manufacturers under India’s larger vision of becoming a significant player in electronics manufacturing.
Manoj Kumar Singh, the chief secretary of the state, along with senior government officials including Anil Sagar, Principal Secretary of the Infrastructure and Industrial Development Department, UP, and Abhishek Prakash, CEO of Invest UP, held discussions with leading electronics manufacturers in the state, such as Dixon, Micromax, Karbonn, Amber, and Zetwerk, among others. The meetings focused on addressing industry challenges and exploring strategies to establish Uttar Pradesh as a leading hub for electronics manufacturing.
According to ICEA Chairman, Pankaj Mohindroo, Uttar Pradesh has solidified its position as a key player in India’s electronics manufacturing sector. In FY24, the state contributed around 40-45 percent of the country’s electronics production and approximately 60 percent of India’s mobile phone production by value. Additionally, it accounts for about 15.3 percent of the nation’s electronics exports and nearly 25 percent of mobile phone exports.
According to Mohindroo, Uttar Pradesh should play a significant role in achieving India’s goal of USD 500 billion in electronics manufacturing by 2030, contributing a substantial share of the targeted USD 200 billion. He emphasized that UP needs to pursue an aggressive global outreach strategy and consider setting up international offices to enhance integration with Global Value Chains (GVCs) and attract major international brands to India.
