Tamil Nadu has launched India’s first state-level matching-grant scheme, on the traces of the Centre’s not too long ago introduced Electronics Part Manufacturing Scheme.
Below the Tamil Nadu Electronics Elements Manufacturing Scheme, electronics part producers who qualify beneath the Authorities of India’s scheme might be eligible to get matching incentives from the state as effectively, multiplying the advantages.
“The state’s matching grant scheme is designed to enhance the Union’s incentive program. Tamil Nadu will supply matching incentives to accredited candidates beneath the nationwide scheme, thereby amplifying the affect of those investments and catalysing value-added manufacturing throughout key sub-segments,” it stated in an announcement.
The scheme is predicted to usher in investments value Rs 30,000 crore and create employment alternatives for over 60,000 folks.
“With the scheme, Tamil Nadu turns into the primary state in India to place pores and skin within the sport by matching the Union authorities incentives. With the state already accounting for 41.23% of India’s electronics exports, this scheme will assist us appeal to additional investments within the sector, and never solely create new high-value jobs but additionally embed deep capabilities in our electronics parts industrial panorama, enabling us to attain our mission of $100 billion in digital exports,” stated TRB Rajaa, Tamil Nadu’s minister for industries.
The state is already India’s largest electronics manufacturing export base, with over $14.6 billion in exports in fiscal 2025.
The scheme is predicted to draw main international and Indian corporations in sub-segments akin to HDI/MSAP boards, show assemblies, digicam modules, lithium-ion cells, SMD passive parts and capital items utilized in electronics manufacturing.
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