Noida, G Noida get electronics hub tag

LUCKNOW: Ahead of the UP Investors Summit, the Yogi Adityanath government on Monday released its Uttar Pradesh Electronics Manufacturing Policy under which Noida, Greater Noida and the Yamuna Expressway region has been declared as electronics manufacturing zone.

“To develop the state as the hub of electronics manufacturing, a new policy has been released under which the units set up in this zone will be eligible for claiming necessary benefits,” deputy chief minister Dinesh Sharma, who holds the IT and electronics portfolios, said on Monday.

Hoping that the policy would be helpful in setting up electronics systems, design and manufacturing (ESDM) units, he said it would encourage economy and create jobs.

“The aim of the policy is to ensure that the state gets the status of a favourite investment destination. The target of the policy is to attract investments worth Rs 20,000 crore in the ESDM sector and 3 lakh jobs by 2022,” he said.

“An electronics mission directorate will also be set up for the successful implementation of this policy which will have a mission director, deputy director and other staff,” the minister added.

The UP government has identified about 3,000 hectares of land in five districts for industrial houses willing to set up units in the state. This will be announced during the investors’ summit.

Officials in the industrial and infrastructure department said policies on sectors including logistics, pharma, defence and electrical vehicles were also in the pipeline and would be announced soon. They said discussions on draft policies were on and would be finalised before the summit.