Establish Uttar Pradesh as the preferred destination for electronics industry
Establish three (3) Electronics Manufacturing Clusters (EMC) in the state
Provide approx. 4 Lakh (0.4 million) employment opportunities within the state
Foster a culture of research, innovation and entrepreneurship
Key policy highlights
Interest Subsidy@5% per annum on the rate of interest (investment up to INR 200 Cr on the loan) is reimbursed up to maximum of INR 1 Cr per annum per unit for 5 years (Maximum INR 5 Cr per unit) to the ESDM Units @up to 60% of annual interest for 7 years subject to INR 10 Cr per year with an overall ceiling of INR 50 Cr per private ESDM park.
Stamp Duty@100% exemption of stamp duty on purchase/lease of land shall be available for the establishment of individual ESDM units @100% exemption of stamp duty on first transaction (Owner to Developer/SPV) and 50% exemption on second transaction (Developer/SPV to ESDM Units) shall be available for purchase/lease of land for EMCs/ESDM parks.
Patent Filing@up to INR 5 Lakhs for domestic and INR 10 Lakhs for international patents, on actual basis reimbursement
Land Subsidy@25% on prevailing sector rates on purchase of land from state agencies in Madhyanchal and Paschimanchal regions. @50% on prevailing sector rates on purchase of land from state Agencies in Bundelkhand and Purvanchal regions
Energy@50% exemption of Electricity Duty shall be provided for a maximum period of 10 years to all ESDM units