As Noida, Yamuna Expressway has been attracting many electronics OEM. Now, Chief Minister Yogi led UP Government in its lately released, ‘Uttar Pradesh Electronics Manufacturing Policy’ declares Greater Noida and the Yamuna Expressway region as an electronics manufacturing zone.
Manufacturing and fabricating chips is eminent to nurture the talent pool and make India the design hub in a global platform. The new initiative is known to generate jobs, propel innovations and centralize India as the new investment room for investors.
In an official statement, Deputy Chief Minister Dinesh Sharma, who holds the IT and Electronics portfolios said, “to develop the state as the hub of electronics manufacturing, a new policy has been released under which the units set up in this zone will be eligible for claiming necessary benefits.”
Hoping that this policy will be helpful in setting up electronics systems design and manufacturing (ESDM) units, he said it will encourage economy and create jobs.
The minister said the aim of this policy is to ensure that the state gets the status of a favourite investment destination.
The target of the policy is to attract investments worth Rs 20,000 crore in the ESDM sector and 3 lakh jobs by 2022, he said.
An electronics mission directorate will also be set up for the successful implementation of this policy which will have a mission director, deputy director and other staff, the minister added.