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AP rolls out electronic hardware policy

Posted: 26 Jun 2012     Print Version  Bookmark and Share

Keywords:electronic hardware policy  electronics and hardware manufacturing  Andhra Pradesh 

In a bid to take the lead in electronics and hardware manufacturing, Andhra Pradesh rolls out a special electronic hardware policy 2012-17 during the Advantage AP IT summit.

Unveiled by Chief Minister N Kiran Kumar Reddy, the new 'AP Electronic Hardware Policy 2012-17' stipulates that the state will allocate 20 per cent of order value in Government-promoted projects in electronic hardware to the small and medium enterprises.

According to the policy, there are many incentives that would be offered to both start-ups and existing units.

The state government will extend the start-ups and micro enterprises a 10 per cent subsidy on capital equipment for technology upgradation besides 25 per cent subsidy on lease rentals of up to Rs.5 lakh a year for three years.

Besides, in tier II locations including Visakhapatnam, Vijayawada, Warangal, Tirupati and units located close to seaports, 100 per cent reimbursement of stamp duty, transfer duty and registration fee paid on sale/lease deeds on the first transaction would be offered.

Besides extension of industrial power category tariff, a power subsidy of 50 per cent to micro, 40 per cent to small, 25 per cent to medium and 10 per cent to large scale industry units is offered on power bills for a period of five years from the date of commencement of operations.

A nodal wing will be created within the IT&C Department in line with the Single Window Act, 2002 which will act as a single window to deal with customs/excise and other state and central government agencies.

The government said it will also set up new electronic hardware park in 150 acre with options of SEZ and non-SEZ, "giving greater discretion to electronic hardware industry."

"We will also explore opportunities of tying up with major electronic clusters located globally to give marketing and technology access to local electronic design and manufacturing companies based in Andhra Pradesh."

AP woos hardware majors

A day after releasing their hardware policy, many hardware majors seem to be interesting in setting up their manufacturing units in Andhra.

According to Andhra Pradesh' IT minister Ponnala Lakshmaiah, companies like Samsung, Hitachi, Huawei, and Solartech are exploring possibilities of setting up their production facilities in the state.





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