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AMN / CHENNAI

The Tamil Nadu Chief Minister Edappadi Palaniswamy released the state’s Electronic Hardware Manufacturing Policy-2020 On Monday

A target is fixed in the new policy for the manufacturing of electronic goods worth 100-billion US Dollars by the year 2025. It envisages making the state contribute 25 percent of the country’s total electronic hardware export. It aims at attracting semiconductor fabrication units to the state.

Providing a 30-percent capital subsidy, 50 percent grant for taking land on lease, 5-percent interest grant for term loans and a monthly financial aid for the first-time trainees in the sector for six months at the rate of Rs. 4,000 for men and Rs. 6,000 for women are some of the features in the new policy.

Mobile phones, LED’s, fabless chips, printed circuit boards, solar photovoltaic cells and medical and automobile electronics are some of the areas that are being given focus in the new policy.

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