Tamil Nadu to Set Up an Electronics Manufacturing Promotion Fund

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  • Tamil Nadu government is also planning to come out with an Electronics and Hardware Manufacturing Policy next month
  • The fund has an annual limit of Rs 5 crore

Electronics Manufacturing working on engineersAccording to a report by the New Indian Express, Tamil Nadu is planning to create an Electronics Manufacturing Promotion Fund with an annual limit of Rs five crore. With this fund, it plans to participate and conduct events to promote electronics manufacturing in association with the concerned associations like Electronics Industries Association of India (ELCINA), India Electronics and Semi-Conductors Association, India Cellular and Electronics Association and others.

Tamil Nadu government is also planning to come out with an Electronics and Hardware Manufacturing Policy next month. The report also says that the government will reimburse 50 per cent of the actual cost excluding travel expenses in international marketing, sales promotion and trade shows for participation in ‘Tamil Nadu Pavilion’.

Reimbursement with maximum limit of Rs 10 lakh per year for a single event

The report says the reimbursement will have a maximum limit of Rs 10 lakh per year for a single event. A reimbursement of 50 per cent exhibition subsidy will be given for participating in national or international exhibitions up to nine square metres per unit.

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