Latest news with #GECMS-2025
India Gazette
3 hours ago
- Business
- India Gazette
Gujarat CM Patel announces Gujarat Electronics Component Manufacturing Policy
Gandhinagar (Gujarat) [India], June 22 (ANI): Gujarat Chief Minister Bhupendra Patel has announced the Gujarat Electronics Component Manufacturing Policy-2025 (GECMS-2025), further strengthening Gujarat's identity as a policy-driven state under the visionary leadership of Prime Minister Narendra Modi. Aimed at transforming Gujarat into a global hub for electronics manufacturing, this new policy brings a significant advantage: projects approved and supported by the Ministry of Electronics and Information Technology (MeitY), Government of India, will be eligible for 100 per cent central assistance when established in Gujarat. Hence, MeitY-approved projects set up in the state will receive dual incentive benefits, one from the Central Government and another from the State Government according to a press release. Thoroughly aligned with the Central Government's Electronics Component Manufacturing Scheme (ECMS), Gujarat's GECMS-2025 ensures a 100 per cent top-up on central support and guarantees timely disbursement of assistance. Also, once a project receives approval under the ECMS from MeitY, it will automatically become eligible for the same grant-in-aid in Gujarat. The State Government will disburse its incentive within 30 days of the Central Government releasing its assistance. Gujarat has established itself as a leading manufacturing and automobile hub in India's industrial landscape. With four semiconductor plants now operational in the state, the newly announced policy will further strengthen the upstream industries. This development will reduce import dependency and improve technological resilience. The policy aims to attract over Rs 35,000 crore in new investments and create substantial high-skilled employment opportunities within the state's electronics component manufacturing sector. Unveiled by the Chief Minister, the policy will boost investment in key segments such as multi-layer and HDI printed circuit boards, lithium-ion cells, SMD passive components, display and camera modules, electronic parts, and the additional required machinery essential for their production. A core focus of the policy is to bridge the talent gap, promote innovation and offer support for Research and development initiatives. Recognised institutions based in Gujarat will be eligible for assistance of up to Rs 12.5 crore from the state government to establish Centres of Excellence, Finishing Schools, or Applied Research Laboratories. Additionally, under the GECMS, turnover-linked incentives will be provided for six years. (ANI)
New Indian Express
8 hours ago
- Business
- New Indian Express
Chief Minister Bhupendra Patel announces Gujarat Electronics Component Manufacturing Policy
Chief Minister Shri Bhupendra Patel has announced the Gujarat Electronics Component Manufacturing Policy-2025 (GECMS-2025), further strengthening Gujarat's identity as a policy-driven state under the visionary leadership of Prime Minister Shri Narendra Modi. Aimed at transforming Gujarat into a global hub for electronics manufacturing, this new policy brings a significant advantage: projects approved and supported by the Ministry of Electronics and Information Technology (MeitY), Government of India, will be eligible for 100 per cent central assistance when established in Gujarat. Hence, MeitY-approved projects set up in the state will receive dual incentive benefits, one from the Central Government and another from the State Government. Thoroughly aligned with the Central Government's Electronics Component Manufacturing Scheme (ECMS), Gujarat's GECMS-2025 ensures a 100 per cent top-up on central support and guarantees timely disbursement of assistance. Also, once a project receives approval under the ECMS from MeitY, it will automatically become eligible for the same grant-in-aid in Gujarat. The State Government will disburse its incentive within 30 days of the Central Government releasing its assistance. Gujarat has established itself as a leading manufacturing and automobile hub in India's industrial landscape. With four semiconductor plants now operational in the state, the newly announced policy will further strengthen the upstream industries. This development will reduce import dependency and improve technological resilience. The policy aims to attract over ₹35,000 crore in new investments and create substantial high-skilled employment opportunities within the state's electronics component manufacturing sector. Unveiled by the Chief Minister, the policy will boost investment in key segments such as multi-layer and HDI printed circuit boards, lithium-ion cells, SMD passive components, display and camera modules, electronic parts, and the additional required machinery essential for their production. A core focus of the policy is to bridge the talent gap, promote innovation and offer support for Research and development initiatives. Recognised institutions based in Gujarat will be eligible for assistance of up to ₹12.5 crore from the state government to establish Centres of Excellence, Finishing Schools, or Applied Research Laboratories. Additionally, under the GECMS, turnover-linked incentives will be provided for six years. The key features, objectives, and incentives of this policy announced by the Chief Minister are as follows: Objectives - To establish Gujarat as a prominent player in global electronics supply chains by promoting the manufacturing of electronic components. - By promoting local component and sub-assembly production, reduce import dependency and boost exports, thereby driving product value growth in global electronics value chains (GVCs). Eligibility - As per Government of India guidelines, applications to avail benefits under this policy must be submitted by 31st July 2025. - All MeitY-approved projects operating in Gujarat will automatically be eligible for benefits under this policy. - Projects under development or proposed in Gujarat will also be eligible for incentives under this policy. Incentives - Units other than those receiving assistance under Gujarat Electronics Policy 2022-28 will be eligible for benefits under this policy - Units availing benefits under this policy will not be eligible under the Gujarat Electronics Policy 2022-28 - Incentives will be as per the terms and thresholds of the Government of India schemes Additional Incentives - Common Infrastructure and Logistics: Need-based assistance will be provided for the development and modernisation of common infrastructure in electronics clusters Incentive Distribution - The State Government will provide assistance within 30 working days after the Central Government disburses funds for approved schemes Policy Duration - The duration of this state policy will remain the same as the Government of India's scheme Policy Implementation - The Gujarat State Electronics Mission (GSEM) will implement the Gujarat Electronics Component Manufacturing Policy-2025. (This Press Release is by the Gujarat government.)
Indian Express
9 hours ago
- Business
- Indian Express
Gujarat unveils electronics component manufacturing policy, offers Rs 12.5-crore aid for centres of excellence and research
Gujarat Chief Minister Bhupendra Patel on Sunday announced an electronics component manufacturing policy aimed at transforming the state into a global hub for electronics manufacturing by focusing on bridging the talent gap, promoting innovation, and offering support for research and development initiatives. A media release from the chief minister's office said that recognised institutions based in Gujarat would be eligible for assistance of up to Rs 12.5 crore from the state government to establish centres of excellence, finishing schools, or applied research laboratories, adding that the policy would boost investment in key segments such as multi-layer and HDI printed circuit boards, lithium-ion cells, SMD (surface mount device) passive components, display and camera modules, electronic parts, and the additional machinery required for their production. Under the policy, projects approved and supported by the Ministry of Electronics and Information Technology (MeitY) will be eligible for 100 per cent central assistance when established in Gujarat. 'Hence, MeitY-approved projects set up in the state will receive dual incentive benefits, one from the Central Government and another from the State Government,' the release read. Applications to avail of benefits under the policy, to be implemented by the Gujarat State Electronics Mission, must be submitted by July 31. The release added that the Gujarat Electronics Component Manufacturing Policy 2025 (GECMS-2025) is thoroughly aligned with the central government's electronics component manufacturing scheme, with which the state scheme will also share its duration. Projects under development or proposed in Gujarat will also be eligible for incentives under this policy. The policy will apply to units other than those receiving assistance under Gujarat Electronics Policy 2022-28. Units availing of benefits under the latest policy will not be eligible under the Gujarat Electronics Policy 2022-28. 'Gujarat's GECMS-2025 ensures a 100 per cent top-up on central support and guarantees timely disbursement of assistance. Also, once a project receives approval under the ECMS from MeitY, it will automatically become eligible for the same grant-in-aid in Gujarat. The State Government will disburse its incentive within 30 days of the Central Government releasing its assistance,' the release read. 'Gujarat has established itself as a leading manufacturing and automobile hub in India's industrial landscape. With four semiconductor plants now operational in the state, the newly announced policy will further strengthen the upstream industries. This development will reduce import dependency and improve technological resilience. The policy aims to attract over ₹35,000 crore in new investments and create substantial high-skilled employment opportunities within the state's electronics component manufacturing sector,' the release stated. Additionally, turnover-linked incentives will be provided for six years.
