Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
Reading: UP Chief Secretary Commits to Prompt Incentive Payments for Electronics Sector
Share
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Search
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
UP chief secretary assures timely payout of incentives to electronics industry
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Nation > UP Chief Secretary Commits to Prompt Incentive Payments for Electronics Sector
Nation

UP Chief Secretary Commits to Prompt Incentive Payments for Electronics Sector

December 24, 2024 2 Min Read
Share
SHARE

Uttar Pradesh’s Chief Secretary, Manoj Kumar Singh, has reassured stakeholders in the electronics sector about the timely distribution of state incentives. During a meeting organized by the Indian Cellular and Electronics Association (ICEA), he emphasized the government’s dedication to creating manufacturing-friendly policies that encourage investment throughout the electronics value chain. Furthermore, he highlighted efforts to improve housing infrastructure for workers within electronics clusters.

Singh mentioned the government’s proactive support for private companies looking to establish manufacturing hubs. Notable electronics manufacturers, including Dixon, Micromax, Karbon, Amber, and Zetwerk, participated in the discussions.

The conversation centered around addressing industry challenges and strategizing to position Uttar Pradesh as a leading center for electronics manufacturing. According to ICEA, the state has become a key player in India’s electronics sector, contributing around 40-45% of the nation’s electronics production and about 60% of mobile phone production by value in the fiscal year 2024. Additionally, Uttar Pradesh is responsible for roughly 15.3% of the country’s electronics exports and around 25% of mobile phone exports.

Pankaj Mohindroo, Chairman of ICEA, stated, “Uttar Pradesh should play a crucial role in achieving India’s $500 billion electronics manufacturing target by 2030, aiming for a substantial share of $200 billion. Furthermore, the state needs to engage in aggressive global outreach and contemplate establishing international offices to enhance integration with global value chains (GVCs) and attract major international brands to India.”

Anil Sagar, Principal Secretary of the Infrastructure and Industrial Development Department, encouraged industry stakeholders to take full advantage of Uttar Pradesh’s Electronics and Semiconductor Policy, reiterating that the policy framework is tailored to boost the growth of electronics and semiconductor manufacturing within the state.

The Uttar Pradesh Electronics Manufacturing Policy 2020 offers financial incentives aimed at transforming the state into a global hub for electronics production.

TAGGED:National NewsNews
Share This Article
Twitter Copy Link
Previous Article Nifty, Sensex to open on a flat note Hindustan Construction Co Ltd Resolves Client Claims, Stock Dips 2%
Next Article Stocks that will see action today: December 24, 2024 Today’s Top Stock Picks: December 24, 2024!
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Adani Power shares up 3% on securing Bihar power project

GQG Exits Adani Power with $250 Million Stake Sale; Stock Soars 20%

September 23, 2025
GOP Unveils Bill to Avert Shutdown, Daring Democrats to Oppose

Trump’s $100,000 H-1B Fee Sparks Concern for Workers and Employers

September 23, 2025
France join Western allies of Israel to recoginse state of Palestine

France Joins Western Allies in Recognizing Palestinian Statehood

September 23, 2025
Terror suspects seen, search operation launched in Kathua

Search Operation Initiated After Terror Suspects Spotted in Kathua

September 23, 2025
Broker’s call: AGI Greenpac (Buy)

AGI Greenpac: Strong Buy Recommendation for Investors

September 23, 2025
GST will enhance competitiveness of Indian edible oils in domestic, international markets: SEA

GST to Boost Competitiveness of Indian Edible Oils in Global Markets

September 23, 2025

You Might Also Like

Rupee faces pressure as US tariff impact deepens
Economy

Rupee under stress amid deepening impact of US tariffs

2 Min Read
F&O Query: Should you hold put option on Sun Pharma and HUDCO?
Economy

Raise ₹14 Crore: Sellwin Traders’ Unique Fundraising Through Preferential Issue

2 Min Read
Mutual funds average AUM surges 27% in December quarter on the back of strong NFOs and SIP inflows
Economy

Mutual funds see 27% AUM jump in Q4 fueled by NFOs and SIP inflows

2 Min Read
Karnataka HC stays ED summons to CM’s wife and Byrathi Suresh over alleged MUDA land misappropriation
Nation

Karnataka HC Halts ED Summons to CM’s Wife and Byrathi Suresh in Land Misappropriation Case

2 Min Read
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek

Welcome to IndiaNewsWeek, your reliable source for all the essential news and insights from across the nation. Our mission is to provide timely and accurate news that reflects the diverse perspectives and voices within India.

  • Home
  • Nation News
  • Economy News
  • Politics News
  • Sports News
  • Technology
  • Entertainment
  • International
  • Auto News
  • Bookmarks
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

© 2024 All Rights Reserved | Powered by India News Week

Welcome Back!

Sign in to your account

Lost your password?