Gujarat govt launches new Electronics Policy

The Gujarat government on Saturday launched a new Electronics Policy to generate 10 lakh new employment opportunities in the Electronics System Design & Manufacturing (ESDM) sector in the state. The ‘Gujarat Electronics Policy 2022-2028’ has been designed to make Gujarat a national hub of ESDM by offering a host of subsidies and incentives to the investors, said an official release.

Those wanting to invest in the ESDM sector in Gujarat will be given up to 20 per cent capital expenditure (capex) assistance with a ceiling of Rs 200 crore under the policy, the release said, adding that eligible investors will be entitled to get 100 per cent reimbursement on stamp duty and registration fee paid to the government.