Latest news with #GujaratElectronicsComponentManufacturingPolicy-2025
India Gazette
5 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)
Mint
7 hours ago
- Business
- Mint
Gujarat Electronics Component Manufacturing Policy aims to reduce import dependency
Ahmedabad, Jun 22 (PTI) Incentives for projects approved by MeitY, quick disbursal of assistance and reducing import dependency by attracting over ₹ 35,000 crore in new investments are among the prominent features of the Gujarat Electronics Component Manufacturing Policy-2025. The policy, which aims to transform Gujarat into a global hub for electronics manufacturing, was unveiled by Chief Minister Bhupendra Patel on Sunday. The policy states that projects approved and supported by the Union Ministry of Electronics and Information Technology (MeitY) will be eligible for 100 per cent Central assistance when established in Gujarat. Projects approved by the MeitY will receive incentives from both the Centre and the state government through a single approval and incentive assistance will disbursed within 30 days, a government release stated. "This means MeitY-approved projects set up in the state will receive dual incentive benefits from the Central and Gujarat governments," it said. Aligned with the Union government's Electronics Component Manufacturing Scheme (ECMS), the policy ensures "a 100 per cent top-up on Central support while guaranteeing timely disbursement of assistance. "Once a project is approved 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 Centre releasing the assistance," the release said. The policy aims to reduce dependence on imports and improve technological resilience by attracting over ₹ 35,000 crore in new investments. It aims to create substantial high-skilled employment opportunities within the state's electronics component manufacturing sector. The policy hopes to 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 machinery for their production. "The policy's core focus is to bridge the talent gap, promote innovation, and offer support for research and development initiatives, with the recognised Gujarat-based institutions being eligible for assistance of up to ₹ 12.5 crore to establish centres of excellence, finishing schools, or applied research laboratories," the release stated. The policy aims to establish Gujarat as a prominent player in global electronics supply chains by promoting the manufacturing of local electronic components and sub-assembly production, reducing import dependency, and boosting exports, which will drive product value growth in global electronics value chains (GVCs). The Government of India (GoI) guidelines mandate the submission of applications to avail of the benefits of this policy by July 31, 2025. All MeitY-approved projects operating in Gujarat will automatically become eligible for availing of the policy benefits along with developing or proposed projects for incentives. The government said only the units other than those receiving assistance under Gujarat Electronics Policy 2022-28 will be eligible for benefits under this policy, and those availing benefits under this policy will not qualify under the Gujarat Electronics Policy.
New Indian Express
9 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.)
