Uttar Pradesh has completed its five year targets for the electronics manufacturing sector in just three years.
According to a news report, the government has attracted investment of Rs 20,000 crore and generated employment for three lakh persons. The government has also claimed that due to its policies, especially during the Covid-19 period, companies from China, Taiwan, Korea have shown interest in investing in the state.
An Electronic Manufacturing Cluster is also being set up in the National Capital Region where foreign companies like Oppo, three Indian companies and four Taiwanese companies are setting up their units with an expected investment of Rs 2,000 crore.
“We had to achieve the target of getting investment of Rs 20,000 crore and employment to three lakh persons by 2022 but achieved it two years earlier with as many as 30 investors ready to invest in the sector due to the policies of the state,” said Alok Tandon, industrial infrastructure and industrial development commissioner. He added that Noida, Greater Noida, and Yamuna Expressway areas had come up as electronics manufacturing hubs. Samsung, with the largest mobile phone manufacturing unit in the world, is also located in Noida.
Under the 2020 policy, three electronics manufacturing clusters, which include an electronic city near the Jewar Airport on Yamuna Expressway, a defence electronics manufacturing cluster in Bundelkhand, and a medical electronic manufacturing cluster in the Lucknow-Unnao-Kanpur zone, are proposed to be established. In addition to this, the government also aims at establishing manufacturing industries in Bundelkhand and Purvanchal regions for which it has announced various financial incentives under the new policy.