GIDC to set up major electronic parks in Khoraj village near Sanand
November 28, 2014
Ahmedabad, Gandhinagar and Vadodara notified as the Electronic System Design and Manufacturing (ESDM) Zone by GOI
Ahmedabad, 28 November 2014
Department of Electronics & Information Technology (DeitY), Government of India has notified Ahmedabad, Gandhinagar and Vadodara district as the new zone under the Electronic System Design and Manufacturing (ESDM) and Modified Special Incentive Package Scheme (M-SIPS).
All units Within these areas which are located within industrial estates, industrial areas or an area approved By state/central/local government or municipal authorities for use of industrial purpose will be eligible for M-SIPS benefits.
The scheme is available for both new projects and expansion projects. The scheme provides subsidy for investments in capital expenditure – 20% for investments in SEZs and 25% in non-SEZs. It also provides for reimbursement of CVD/Excise for capital equipment for the non-SEZ units. For high technology and high capital investment units, like fabs, reimbursement of central taxes and duties is also provided.
The incentives are available for investments made in a project within a period of 10 years from the date of approval.
The incentives are available for units all across the value chain starting from raw materials including assembly, testing, packaging and accessories and covering 29 verticals of ESDM products.
Gujarat Industrial Development Corporation (GIDC), the state run industrial estate and infrastructure development agency has planned to established major electronic Parks in Khoraj village near Sanand also under the Government of India’s new ESDM and M-SIPS scheme. GIDC is in process of developing electronic park on 300 acre in Khoraj village. GIDC has already applied in the Government of India for considering Khoraj as the ESDM Park. Several Taiwanese, Japanese and Chinese companies’ along with Indian companies are keen to set up their units in the park. Gujarat Government has also announced new Electronics Industry promotion policy few days back and offered several financial and other benefits. A major around Rs.30000 crore semi-conductor unit is also expected to come near Prantij(Himatnagar) which may also be notified under ESDM M-SIPS scheme.
Expected ESDM projects
i. Telecom equipments
vi. Consumer electronics
xi. Semiconductor chips & components
xvi. Nano-electronics
ii. Mobile sets and accessories
vii. Power supply for ESDM products
xii. Fabs for ESDM products
xvii. E-waste processing
iii. Opto electronics
viii. Medical electronics
xiii. LEDs/LCDs
xviii. Automotive electronics
iv. IT hardware
ix. Semiconductor wafering
xiv. Avionics
xix. Electronics manufacturing services etc.
v. Bio-metric/identity devices
x. Solar photovoltaics
xv. Electro-mechanical components
Related Stories
Uflex to invest Rs 580 crore for new facility at Sanand in Gujarat
Govt to invest $10 billion in Gujarat and UP chip manufacturing units
Recent Stories
- For the first time Gujarat Police trains a dog to detect Alcohol; first case filed in Rajkot
- PM Narendrabhai Modi celebrates Diwali at Indo-Pak border in Sir Creek area of Kutch
- Swiggy Limited’s initial public offering to open on November 06, 2024
- PM Modi attends Rashtriya Ekta Divas function at Statue of Unity in Gujarat
- India's Defence Revolution Takes Flight! PM Modi writes Post on Tata Airbus Vadodara complex
- 10 candidates in fray in Vav assembly by-election
- GST evasion of Rs. 2.70 crore in jewelery and bullion sector uncovered in Gujarat