Electronics and IT
Overview of India
₹24,45,744 crore
(US $ 366 billion)
Estimated size of electronics market in India by 2020
(from (₹3,80,869) USD 70 billion in 2012-13)
₹18,34,308 crore
(US $ 275 billion)
Estimated demand-supply gap in the sector by 2020
(Because of low domestic manufacturing base and low value addition)
Destination Andhra Pradesh
20
Electronics Manufacturing Clusters (EMCs)
to come across the state in order to create infrastructure suitable for the sector
Brownfield Electronic Manufacturing Clusters (EMCs)
to come up at Pottisriramulu Nellore, Chittoor, Visakhapatnam, and Krishna
Information Technology and Investment Region (ITIR)
Visakhapatnam to be established as major electronics hub in the state
Electronic hardware park
to be set up in Kakinada with state-of-the-art infrastructure
Electronics bazaars to facilitate G2B/B2B/B2G/B2C interactions
to come up at Visakhapatnam, Vijayawada and Tirupati
Consultative committee on information technology industry
to be formed to manage incentives and ensure prompt and transparent delivery
Best business model for energy efficiency activities
1st
in ease of doing business
by World Bank
Excellent logistics and reliable infrastructure available
Skilled labour workforce available
Drivers of Growth
Automation demands of the corporate sector
Focus on e-governance snowballing into need for expansion of electronics
Rising income levels and a growing middle class
Increased demand for electronics
Key Policy Targets
₹40,000 crore
(US $6 billion)
worth of new investments in the sector by 2020
4,00,000
employment opportunities
to be created in the sector by 2020
Key Fiscal Incentives
Stamp duty, transfer duty and registration Fee
100% reimbursement of stamp duty, transfer duty and registration Fee paid on sale/lease deeds on the first transaction, and 50% thereof on the second transaction
VAT/CST
100% tax reimbursement for a period of 10 years, subject to a maximum of 100% of fixed capital investment other than land
Electricity duty
100% exemption for 5 years from commencement of commercial operations (CoCO) for new electronic hardware units
Power subsidy
50% to micro, 40% to small, 25% to medium, and 10% to large-scale industry, limited to ₹50 lakh for a period of 5 years from date of CoCO
Capital subsidy
10% of total investment upto ₹5 crore (investment as defined in Indian Companies Act 1956)
Interest subsidy
5% for a period of 7 years, subject to a maximum of ₹1 crore per annum per unit
Land cost
25% rebate on land cost limited to ₹10 lakh per acre
Investment subsidy
20% limited to ₹20 lakh for MSME, and additional 5% investment subsidy, for women/SC/ST Entrepreneurs
Partners
Existing
Bhel
Wipro
Bharath Electronic
MI
Reliance
Gionee
Foxconn
Upcoming
Micromax
One Plus
Asus
Lava
Celkon

Contact EDB

For further support and assistance get in touch with us. We would love to hear from you. Click here
Electronics policy 2014-20 DOWNLOAD
IT policy 2014-20 DOWNLOAD