Latest news with #TamilNaduSemiconductorandAdvancedElectronicsPolicy2024
United News of India
30-04-2025
- Business
- United News of India
Stalin launches TNECM scheme, eyes Rs 30,000 cr investments
Chennai, Apr 30(UNI) In a yet another major initiative, Chief Minister 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. UNI GV 1745
The Hindu
30-04-2025
- Business
- The Hindu
CM Stalin launches Tamil Nadu Electronics Components Manufacturing Scheme
Tamil Nadu Chief Minister M.K. Stalin on Wednesday (April 30, 2025) launched the Tamil Nadu Electronics Components Manufacturing Scheme, which aims to promote the production of electronic components in the State. An official release stated that Tamil Nadu, through this initiative, was expected to attract investments worth ₹30,000 crore and generate employment opportunities for 60,000 individuals. To attract companies that benefit from the Electronics Component Manufacturing Scheme of the Union Ministry of Electronics and Information Technology (MeitY), the Tamil Nadu government would offer incentives that match the subsidies announced under the Union government's scheme. Recalling that it formuated the Tamil Nadu Semiconductor and Advanced Electronics Policy 2024, which had paved the way for the State to emerge as a frontrunner in the production of electronic goods, the government said the Chief Minister launched this special scheme to strengthen the State's electronics manufacturing ecosystem.
