Andhra Rolls Out Red Carpet For Electronics Firms With $600 Million Scheme

The Andhra Pradesh government has approved a $600 million incentive scheme to attract electronics component manufacturers, aligning with India’s broader push to reduce dependence on Chinese imports.

The move follows the central government’s Rs 229.19 billion ($2.62 billion) plan announced earlier this year to promote domestic electronics production.

Andhra Pradesh’s policy offers a 75 per cent discount on land and six years of electricity tax exemption to eligible companies. Additionally, the first 10 firms investing over Rs 2.5 billion within five years will receive a 50 per cent capital subsidy or matching central incentives.

India’s electronics output has more than doubled in six years to $115 billion in 2024, driven by smartphone production from global players like Apple and Samsung.

The country now aims to scale this to $500 billion by 2030, including $150 billion in components.

Electronics firm Syrma SGS has already applied under the Andhra scheme, signaling early industry interest in the state's manufacturing ambitions.