The Chief Minister emphasized that special incentives should be provided to investors who generate employment in the state and give preference to the youth of Uttar Pradesh (File Photo)Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday directed the officials concerned to implement the Uttar Pradesh Electronics Component Manufacturing Policy-2025 to boost electronics manufacturing in the state.During a meeting, the Chief Minister discussed the proposed policy prepared by the IT and Electronics Department and offered guidelines.He said the electronics sector is the fastest-growing segment of India’s economy.“Uttar Pradesh must capitalise on immense potential in this sector. It is time for Uttar Pradesh to establish a distinct identity on the global map in electronics manufacturing. This policy will strengthen Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’ and ‘Make in India’ while taking the state’s economy to new heights”, the Chief Minister said during the meeting.During the meeting, officials said that in 2014-15, electronics production in India was only Rs 1.9 lakh crore, which reached Rs 11.3 lakh crore by 2024-25. Mobile production has also increased from Rs 18,000 crore to Rs 5.45 lakh crore, and mobile exports have grown from Rs 1,500 crore to Rs 2 lakh crore. In the financial year 2023-24, electronics hardware exports from Uttar Pradesh amounted to approximately Rs 37,000 crore.The meeting highlighted that the proposed policy targets $50 billion in electronics production within the next five years, generating nearly 10 lakh direct and indirect employment opportunities. This will make a significant contribution to the state’s goal of becoming a $1 trillion economy.Discussing the policy provisions, the Chief Minister said that to attract investors, Uttar Pradesh should provide top-up incentives along with the central government’s Electronic Component.Story continues below this adManufacturing scheme provisions like attractive subsidies on capital investment, additional benefits, exemptions on stamp duty and electricity charges, interest grants, logistics, and operational support must also be included.The Chief Minister emphasized that special incentives should be provided to investors who generate employment in the state and give preference to the youth of Uttar Pradesh.He further stated that transparency and timely implementation must be ensured in executing the policy. Investors will be provided all facilities through a single-window system, ensuring that ease of doing business remains the top priority.It was also stated in the meeting that the proposed policy will promote research and development, innovation, skill development, and startup ecosystems. Electronics manufacturing clusters established in Noida, Greater Noida, and the Yamuna Expressway region will be further strengthened.Story continues below this adWith the upcoming Jewar International Airport and the Delhi-Mumbai Industrial Corridor, the state aims to achieve an even stronger position in the global supply chain.The Chief Minister said a concrete action plan should be formulated to make Uttar Pradesh a global hub for electronics component manufacturing. This policy will not only attract foreign investment but also reduce import dependence, promote domestic value addition, and help save foreign exchange.Stay updated with the latest - Click here to follow us on Instagram© The Indian Express Pvt LtdTags:Yogi Adityanath