Chandigarh, October 24 – Haryana is taking significant steps to establish itself as a leading hub for electronics manufacturing by actively seeking to attract investments under the Electronics Component Manufacturing Scheme (ECMS) of the Government of India. The state will soon announce a slew of incentives under its Electronics System Design and Manufacturing (ESDM) Policy, which aims to offer a wide range of fiscal and non-fiscal incentives to attract investment. In this direction, Chief Secretary Sh. Anurag Rastogi chaired a high-level meeting today to review strategies for setting up electronic component manufacturing plants in the state and to accelerate the growth of the electronics component manufacturing ecosystem.<\/p>\n\n\n\n
The Chief Secretary emphasized that the core objective of the state\u2019s initiative is to attract major investments, create employment opportunities and strengthen Haryana\u2019s integration into the global electronics value chain. He noted that while India\u2019s domestic electronic production has witnessed impressive growth\u2014rising at a compound annual growth rate (CAGR) of 17% since FY15\u2014 the design and component manufacturing ecosystem remains at a nascent stage.<\/p>\n\n\n\n
Currently, Haryana contributes about 2.9% (USD 0.8 billion) to India\u2019s total electronics exports and supports around 1.3 million jobs in the sector. Sh. Rastogi underlined that Haryana has immense potential to expand this contribution through targeted policy support, strategic investor engagement, and the creation of enabling infrastructure such as the Electronics Manufacturing Cluster at IMT Sohna.<\/p>\n\n\n\n
Under the draft new Electronics System Design and Manufacturing (ESDM) Policy, incentives offered include reimbursement of capital and operational expenditures, including expenditure incurred for green energy projects, technology acquisition etc., support for capacity building and support for development of research and development and innovation facilities.<\/p>\n\n\n\n
Commissioner & Secretary, Industries & Commerce Department, Dr. Amit Kumar Agrawal informed that the Government of India\u2019s ECMS provides multiple incentive options, including turnover-linked and capital investment-based benefits ranging between 1% and 25%. To complement these, Haryana is also exploring the provision of additional top-up incentives similar to those offered by other progressive states such as Andhra Pradesh, Gujarat, and Uttar Pradesh, thereby enhancing the state\u2019s competitiveness in attracting ECMS-approved investors.<\/p>\n\n\n\n
The Chief Secretary directed the Industries and Commerce Department to prepare a detailed plan in this regard and undertake proactive investor outreach. As part of this exercise, one-on-one meetings will be held with 11 applicants who have already shown interest in establishing ECMS-approved manufacturing units in Haryana by November 10. In addition, outreach efforts will target 50 other companies that are yet to finalize their project locations.<\/p>\n\n\n\n
To ensure smooth coordination and investor facilitation, the state government will appoint dedicated relationship managers for each potential investor. These officers will provide end-to-end assistance, including land identification, regulatory clearances, coordination with departments, and incentive processing.<\/p>\n\n\n\n
Sh. Rastogi emphasized that Haryana\u2019s approach would be both facilitative and competitive, ensuring that investors find a conducive ecosystem to set up advanced electronic component manufacturing facilities.<\/p>\n\n\n\n
Additional Chief Secretary, Citizen Resources Information Department, Smt. G. Anupama, Director General, Industries & Commerce, Sh. Yash Garg, and other senior officers were present in the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chandigarh, October 24 – Haryana is taking significant steps to establish itself as a leading hub for electronics manufacturing by actively seeking to attract investments under the Electronics Component Manufacturing Scheme (ECMS) of the Government of India. The state will soon announce a slew of incentives under its Electronics System Design and Manufacturing (ESDM) Policy, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[87],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n