Stalin launches TNECM scheme, eyes Rs 30,000 cr investments
Chennai, Apr 30(UNI) In a yet another major initiative, Chief Minister
M.K.Stalin on Wednesday launched the 'Tamil Nadu Electronics
Components Manufacturing (TNECM) Scheme, which is expected
to attract Rs 30,000 crore investments in the sector.
Apart from generating 60,000 jobs, the TNECM scheme is aimed
at promoting production of electronic components in the state.
"It is a special initiative dedicated to supporting the production of
electronic components", an official release said.
Noting thatTamil Nadu already holds a leading position at the national
level in electronics manufacturing and exports, Mr Stalin said to further
encourage value-added manufacturing and attract large-scale investments
in semiconductor sub-sectors, the state Government introduced the Tamil
Nadu Semiconductor and Advanced Electronics Policy 2024.
This policy has paved the way for Tamil Nadu to emerge as a frontrunner
in the production of electronic goods.
In continuation of these efforts to strengthen the electronics manufacturing
ecosystem, the Chief Minister today launched this special scheme focused
on electronic component manufacturing.
To attract companies that benefit under the Electronics Component
Manufacturing Scheme of the Union Ministry of Electronics and Information
Technology (MeitY), the TN Government, through this scheme, will offer
incentives that match the subsidies announced under the Union Government's
scheme.
Through this initiative, Tamil Nadu is expected to attract investments worth
Rs 30,000 crore and generate employment opportunities for 60,000 people.
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