News Details

Maharashtra Government Extends Electronic Policy Tenure By Two Years: Report

  • It has been decided to extend it till 31st March, 2023, as per a media statement
  • The definition of FAB was also expanded and it will include components such as compound semiconductors, silicone photonics devices, and integrated circuits

As per a report by Hindu Businessline, the Maharashtra government at its Cabinet meeting has decided to increase the Maharashtra Electronic Policy tenure by two years and also extend its scope. This policy was issued in 2016 is set to expire on April 10, 2021. It has been decided to extend it till 31st March, 2023, as per a media statement.

The statement said that the Cabinet has also decided to align the policy with centre’s Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS). The report added that at the meeting, the definition of FAB was also expanded and it will include components such as compound semiconductors, silicone photonics devices, and integrated circuits.

Study ways to increase employment in the state by attracting investment

The report said that a committee will also be set up under the leadership of Maharashtra’s Principal Secretary (Industry). It will reconsider those projects, which were not sanctioned under the SPECS scheme. It will also also study ways to increase employment in the state by attracting investment in nine types of electronics sub-components.

The statement added that it will also comprise heads of reputed companies as well as representatives of reputed organisations in the field of electronics. It will create an eco-system for manufacturing electronic components, semiconductors and displays.

Source: https://www.electronicsb2b.com/