Tamil Nadu Launches Scheme To Incentivise Electronics Components Manuf...

The Tamil Nadu government has introduced a new scheme offering financial incentives to boost local manufacturing of electronics components. Aimed at strengthening the state's position as an electronics hub, the policy provides subsidies for capital expenditure, R&D investments, and skill development. Companies setting up new units or expanding existing facilities will benefit from tax breaks and reduced power tariffs. The initiative aligns with India's 'Make in India' and PLI schemes, targeting reduced import dependence in electronics. The state hopes to attract ₹25,000 crore in investments and generate 50,000 jobs through this scheme, particularly focusing on mobile and EV component manufacturing.