Andhra Pradesh govt. unveils Electronics Component Manufacturing Policy 2024–29
According to a G.O. issued by Katamneni Bhaskar, Secretary (IT, Electronics & Communications), the ECMP is aligned with the Government of India's Electronics Component Manufacturing Scheme and focuses on building an electronics component manufacturing ecosystem that contributes significantly to the State's economic development. The policy seeks to integrate State-based companies into the global electronics value chain, thereby enhancing their position within the supply network.
The ECMP will remain in force for five years, during which the State government will extend incentives to eligible companies, as detailed in separate operational guidelines to be notified later. The policy emphasises the development of Component Manufacturing Clusters (CMCs) with shared facilities in strategic locations such as Tirupati, Anantapur, Visakhapatnam, Kopparthy, and Nellore. These CMCs will specialise in areas like printed circuit boards, display technologies, optoelectronics, and passive components. The policy also aims to enhance the Speed of Doing Business, reduce operational costs through infrastructure development, and provide ready-built factory shells and plug-and-play facilities. In addition, it targets the attraction of global anchor firms in key component segments by offering customised support packages and incentives for supply chain partners to participate in building the CMCs.
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