Tamil Nadu eyes global electronics lead with unique scheme for niche components
CHENNAI: In a bold push to become a dominant player in the global electronics supply chain, Tamil Nadu on Wednesday launched the 'Tamil Nadu Electronics Components Manufacturing Scheme', a focused initiative to build an integrated electronics manufacturing ecosystem anchored on high-growth, niche components.
Chief Minister M.K. Stalin inaugurated the scheme, which aims to attract Rs 30,000 crore in investment and generate 60,000 jobs across the state. The initiative zeroes in on eleven specific components, including flexible printed circuit boards (FPCBs) for wearable technology, lithium-ion cells, display modules, and passive components, sectors identified for their potential to yield rapid growth and differentiation.
The scheme reflects the state's evolving strategy to deepen its electronics base by focusing on underdeveloped but high-demand segments. 'Building on existing strengths, we are focusing on niche markets where Tamil Nadu can establish a unique ecosystem,' said Industries Minister Dr. TRB Rajaa.
Rather than merely drawing in investment, the initiative aims to develop a self-sustaining industrial environment where both major manufacturers and their suppliers can co-exist.
As part of this strategy, the government will secure land near upcoming investment hubs to support ancillary growth and reduce logistical dependencies.
In a significant move, the state has pledged to match subsidies under the central government's Electronics Component Manufacturing Scheme, offering investors a dual-incentive structure to set up operations in Tamil Nadu.
The timing of the announcement aligns with heightened national interest in electronics manufacturing, especially as Apple scales up domestic production. Apple already manufactures 70 per cent of India's iPhones in Tamil Nadu, and Rajaa confirmed the state aims to further increase its share, solidifying its position in the global technology supply chain.
Looking beyond smartphones, the Industries Minister also emphasised the need for a more balanced national strategy in semiconductor manufacturing. "India cannot rely on just one state for chip production," Rajaa said, urging the Centre to decentralise investments and leverage southern states' existing supply chains.
Earlier this year, Tamil Nadu unveiled the 'Semiconductor and Advanced Electronics Policy 2024', another strategic initiative aimed at attracting high-tech investment.
The state is already seeing results, in the 2024-25 financial year, Tamil Nadu became the first Indian state to record USD 14.65 billion in electronics exports, a figure expected to grow with the rollout of the new scheme.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
17 minutes ago
- News18
Did ICICI Bank Try To Acquire HDFC? What Deepak Parekh Reveals
Last Updated: 'I remember you talking to me said ICICI started HDFC. 'Why don't you come back home?' That was your offer,' Parekh said in interaction with Ex-ICICI CEO Chanda Kochhar. ICICI Bank once tried to merge housing finance firm HDFC with itself before its reverse merger with its own banking arm, HDFC Bank former chairman Deepak Parekh has revealed. In a YouTube video, Parekh, in an interaction with ICICI Bank former MD & CEO Chanda Kochhar, said, 'I remember you talking to me once…you said that ICICI started HDFC. 'Why don't you come back home?' That was your offer." However, Parekh said he declined the offer, saying 'it won't be fair or proper with our name and the bank and all". He also said the HDFC Bank-HDFC reverse merger, which was completed in July 2023, was primarily driven by regulatory pressure. 'The RBI supported us and they pushed us into it to some extent and they helped us…there were no concessions, no relief, no time, nothing but they helped us to go through the process and get the approval," Parekh said. On the reverse merger, Parekh called it 'a sad day and a happy day". He added, 'It's good for the institution. It's good for the country to have large banks. Look at how large Chinese banks are. We have to be bigger, larger in India." Describing the merger as good for the institution, he said, it is good for the country to have large banks. Indian banks must grow through acquisitions to become stronger in future, he added. HDFC Ltd, the parent entity of HDFC Bank, merged with its banking subsidiary to create the country's biggest private sector lender. The merger became effective from July 1, 2023. With the reverse merger, the 44-year-old institution HDFC Ltd faded into memory lane. Interestingly, the creation of HDFC Ltd was financially supported by erstwhile ICICI Ltd, the parent entity of ICICI Bank. The Reserve Bank of India had classified large NBFCs like HDFC, which then held assets exceeding Rs 5 lakh crore, as systemically important — well above the Rs 50,000-crore threshold. (With Inputs from PTI) First Published:
Hans India
26 minutes ago
- Hans India
Varsity launches innovative ‘industry inside the campus' initiative
Belagavi: In a pioneering step towards integrating industry with academics, Visvesvaraya Technological University (VTU), Belagavi, has launched a novel initiative titled 'Industry Inside the Campus'. This move comes on the heels of the university making headlines for declaring exam results within an hour—yet another testament to its push towards student-centric reforms. To implement this new concept, VTU has established the Visvesvaraya Research and Innovation Foundation (VRIF) on its main campus, opening up space for companies in drone technology, software development, electric vehicles, IoT, PCB manufacturing, AR/VR, and more. These companies are now operational on campus, with full-fledged training for final-year engineering students set to begin from August. Speaking to this reporter , VTU Vice-Chancellor Prof. S. Vidyashankar said, 'Students now gain hands-on experience and practical exposure within the campus. We've established rapid innovation centres such as the Schneider Acceleration Centre, Proteus, Cadence, and an Electrical Vehicle Lab to bridge the skill gap. Through VRIF, we aim to create not just employees but future employers.' One of the key players in the initiative is Saras Aerospace, a startup established in 2022, specializing in carbon fiber drones and airframe production. Co-founder Brijesh Kumar Koparde noted, 'Thanks to VTU, we operate from within the campus. We train students not only in drone technology but also in equipment used for drone testing. We've delivered over 200 drones across the country, including to the Indian Army, Navy, and Air Force. Our product range includes drones valued between RS1.5 lakh and RS 30 lakh.'Currently, nearly 90 students are undergoing hands-on training with Saras Aerospace. Rajat Hanshate, a final-year engineering student, shared, 'I've developed an Unmanned Ground Vehicle during my internship here. From 3D modeling to integrating sensors and cameras, everything was facilitated. I gained immense exposure to the practical aspects of drone-making for both defence and agriculture.' Another student, Swastik Hegde, emphasized the value of his training, 'I've been interning here for two months. I've learned PCB design and IoT sensor integration. I even worked on a Retractor Landing Gear project. I'm truly grateful to VTU for creating such platforms.' The 'Industry Inside the Campus' initiative is expected to benefit at least 2,500 students in the coming academic year. The university hopes this integrated industry-academia ecosystem will not only make graduates job-ready but also empower them to become entrepreneurs. 'This is not just about employment, it's about entrepreneurship,' reiterated Prof. Vidyashankar.
Hans India
27 minutes ago
- Hans India
Minister writes to CM on apathy over illegal mining cases
Bengaluru/Raichur: Law Minister H K Patil on Saturday said he had written a letter to Chief Minister Siddaramaiah expressing concerns over administration apathy towards taking illegal mining cases in the state to a logical end. He also wanted the culprits to be punished, and the lost wealth recovered. The senior minister, who is also in-charge of Parliamentary Affairs, has written a seven-page letter dated June 18, pointing out that only 7.6 per cent of all the cases related to illegal mining that allegedly took place between 2007 and 2011 leading to the loss of an estimated Rs 1.5 lakh crore to the government, have been investigated so far. In the letter he noted that there is outrage among people that the government has not shown honesty and commitment in its efforts towards ensuring commensurate punishments and recovery of the state's wealth, despite such a large-scale loot. He also reminded Siddaramaiah that he had led a 320-km foot march to Ballari against the illegal mining scam in 2010, when the Congress was in opposition. Patil had headed the Cabinet sub-committee, during the first Siddaramaiah-led Congress government (2013-18), which had brought the extent of loss caused by illegal mining. In Raichur, replying to questions by reporters regarding the letter, Patil said, '...I have brought it to the notice of the chief minister what has to be done, thereby it has to serve the state and the government has to get a good name, so the letter has been written. It is not a political letter. It is written in the interest of the state and its people. The CM has seen the letter and has taken the matter seriously.' Asked whether he is suspicious that documents on illegalities may be destroyed, he said with the intention that such things should not happen. He has cautioned the administration and the concerned department. Noting that the Congress party has done a padayatre (foot march) against illegal mining fifteen years ago, the minister said, despite so many years and inspite of cabinet sub-committee under 2013-18 Siddaramaiah-led Congress government submitting a report about the quantum of loss, the action taken is not satisfactory. 'Out of more than 12,000 illegal mining cases being registered, only about 7 per cent have been investigated. In just 2 per cent of these seven per cent, which means in only 0.2 per cent of the total number of cases, verdicts have come and cases have seen a conclusion,' he said. Asserting that a logical end has to be given to all these pending cases, Patil said the government lost Rs 1.5 lakh crore because of illegal mining, and with the intention that serious steps are taken in this regard, he has written a letter to the CM. He said nine cases were handed over for the CBI probe. They said they will probe only three among them and sent back the remaining six. Similarly, the cases that were referred to the Special investigation Team (SIT), most of them have still not been subjected to probe. 'So I have written the letter.' Patil, in his letter, has said that the government can still act as there is still time. Asking the government to take all the necessary measures, he suggested appointing a Recovery Commissioner as per the provisions of the Criminal Law Amendment Ordinance, 1946. He has also sought the creation of a new SIT to take up investigation of cases that have not been probed, and setting up a special court to try these cases.
