- The state government plans to seek assistance from the Central Government to attract investments for the clusters
- Centre will provide assistance at 50 per cent and 75 per cent of the project cost for greenfield and brownfield clusters
The Tamil Nadu government is planning to develop greenfield electronic cluster zones all over Chennai, Tiruvallur, Hosur, and Kancheepuram by 2023. It is also likely to develop brownfield clusters in Sriperumbudur and Oragadam. The government will also come up with an Electronics Industries Association of India’s industrial park in the Coimbatore.
A report by the New Indian Express informs that the State government will seek Central assistance to attract investments to these clusters in Electronic Systems Design and Manufacturing (ESDM) sector. Centre will also provide financial assistance for products which come under the National Policy on Electronics at the rate of 50 per cent and 75 per cent of the project cost for greenfield and brownfield clusters with a ceiling of Rs 50 crore.
Incentives lined up
The State will attract investors with various ease-of-doing-business initiatives to get access to incentives. It will also provide complementary external infrastructure on priority basis and two or four-lane connectivity from the nearest highways. Another incentive it will provide is high-speed internet connectivity and last-mile water supply.
The Government plans to promote electronic hardware manufacturing and industries in eight existing Special Economic Zones through Electronics Corporation of Tamil Nadu Limited (ELCOT). These zones include Shollinganallur in Chennai, Vilankurichi in Coimbatore, Ilanthaiklam and Vadapalanji in Madurai, Navalpattu in Tiruchy, Gangaikondan in Tirunelveli, Jagirammapalayam in Salem and Vishwanathapuram in Hosur.
